Suncor Energy (TSE:SU) Price Target Raised to C$52.00

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.

TRADEMARK VIOLATION WARNING: “Suncor Energy (TSE:SU) Price Target Raised to C$52.00” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/12/14/suncor-energy-su-given-new-c52-00-price-target-at-raymond-james-financial.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.

Leave a Reply