Wells Fargo & Co Raises Suncor Energy (SU) Price Target to C$59.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by stock analysts at Wells Fargo & Co from C$56.00 to C$59.00 in a note issued to investors on Thursday. Wells Fargo & Co’s price target suggests a potential upside of 25.53% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. BMO Capital Markets restated an “outperform” rating and set a C$52.00 target price on shares of Suncor Energy in a report on Monday, December 11th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a report on Thursday, November 16th. Raymond James Financial boosted their target price on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, National Bank Financial lowered their target price on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$50.71.

Shares of Suncor Energy (TSE:SU) remained flat at $C$47.00 on Thursday. The company’s stock had a trading volume of 3,190,681 shares, compared to its average volume of 2,445,983. The firm has a market capitalization of $77,760.00, a price-to-earnings ratio of 21.76 and a beta of 0.48. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$47.69.

In other Suncor Energy news, insider Michael Roderick Macsween sold 55,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total value of C$2,530,000.00. Also, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total transaction of C$45,510.00. Over the last quarter, insiders sold 56,100 shares of company stock worth $2,580,074.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Co Raises Suncor Energy (SU) Price Target to C$59.00” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2018/01/11/wells-fargo-co-raises-suncor-energy-su-price-target-to-c59-00.html.

Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Analyst Recommendations for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit