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.
COPYRIGHT VIOLATION WARNING: This piece was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2018/01/13/suncor-energy-su-given-a-c56-00-price-target-by-eight-capital-analysts.html.
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.
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.