Suncor Energy (SU) Given a C$56.00 Price Target by Eight Capital Analysts

Suncor Energy (TSE:SU) (NYSE:SU) has been given a C$56.00 target price by Eight Capital in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the stock. Eight Capital’s price target suggests a potential upside of 18.27% from the company’s current price.

Other equities analysts have also issued reports about the company. Barclays raised their price target on Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th. JPMorgan Chase & Co. raised their price target on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. CIBC raised their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Royal Bank of Canada raised their price target on Suncor Energy from C$47.00 to C$48.00 in a research report on Thursday, November 16th. Finally, BMO Capital Markets raised their price target on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$50.71.

Suncor Energy (SU) opened at C$47.35 on Thursday. The company has a market capitalization of $77,990.00, a PE ratio of 21.92 and a beta of 0.48. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$47.69.

In other news, insider Michael Roderick Macsween sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was 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 firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$45.51, for a total value of C$45,510.00. In the last 90 days, insiders sold 56,100 shares of company stock valued at $2,580,074.

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About Suncor Energy

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)

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