Suncor Energy (SU) Given Outperform Rating at BMO Capital Markets
Suncor Energy (TSE:SU) (NYSE:SU)‘s stock had its “outperform” rating restated by stock analysts at BMO Capital Markets in a report issued on Monday. They currently have a C$52.00 price target on the stock. BMO Capital Markets’ price target would indicate a potential upside of 15.81% from the stock’s current price.
Several other research analysts also recently commented on SU. Raymond James Financial raised their price objective on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. J P Morgan Chase & Co raised their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. Barclays raised their price objective on shares of Suncor Energy from C$49.00 to C$50.00 in a 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. Finally, CIBC raised their price objective on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of C$49.00.
Suncor Energy (SU) traded up C$0.65 on Monday, reaching C$44.90. 1,037,227 shares of the company traded hands, compared to its average volume of 2,620,379. Suncor Energy has a 52 week low of C$36.09 and a 52 week high of C$46.66.
In other Suncor Energy news, insider Michael Roderick Macsween sold 20,000 shares of the firm’s 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, Director Jacynthe Cote purchased 2,000 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was purchased at an average cost of C$41.78 per share, with a total value of C$83,560.00. Over the last three months, insiders sold 76,100 shares of company stock valued at $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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