Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by UBS from C$50.00 to C$62.00 in a report issued on Tuesday, www.baystreet.ca reports. UBS’s price objective would suggest a potential upside of 18.75% from the stock’s previous close.
A number of other analysts also recently issued reports on SU. National Bank Financial raised their target price on Suncor Energy from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, May 3rd. BMO Capital Markets raised their price objective on Suncor Energy from C$54.00 to C$56.00 in a research report on Thursday, May 3rd. TD Securities raised their price objective on Suncor Energy from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Royal Bank of Canada raised their price objective on Suncor Energy from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Finally, Barclays raised their price objective on Suncor Energy from C$54.00 to C$60.00 in a research report on Thursday, May 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$55.25.
Shares of SU opened at C$52.21 on Tuesday. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$53.43.
In related news, insider Paul Douglas Gardner sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of C$50.00, for a total transaction of C$2,000,000.00. Also, insider Steven Walter Williams sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$43.32, for a total value of C$86,640.00. Insiders have sold a total of 97,000 shares of company stock valued at $4,945,040 over the last three months.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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