Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by investment analysts at Raymond James Financial from C$47.00 to C$52.00 in a research report issued to clients and investors on Monday, December 4th. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 18.18% from the stock’s previous close.
A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. GMP Securities raised their price objective on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Barclays raised their price objective on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 price target for the company. in a report on Thursday, November 16th. Finally, CIBC raised their price target on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$49.00.
Shares of Suncor Energy (TSE SU) traded down C$0.86 during midday trading on Monday, hitting C$44.00. 2,493,698 shares of the stock traded hands, compared to its average volume of 2,621,495. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$46.66.
In other news, insider Michael Roderick Macsween sold 20,000 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$43.00, for a total value of C$860,000.00. Also, insider Mark Stephen Little sold 1,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total transaction of C$45,510.00. In the last ninety days, insiders have sold 76,100 shares of company stock worth $3,440,074.
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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.
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