Suncor Energy (SU) Given New C$56.00 Price Target at National Bank Financial
Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by National Bank Financial from C$49.00 to C$56.00 in a research note published on Tuesday. They currently have an outperform rating on the stock.
Several other research firms also recently issued reports on SU. TD Securities downgraded Suncor Energy from a buy rating to a hold rating and set a C$50.00 price objective on the stock. in a report on Thursday, November 16th. CIBC lifted their price objective on Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Royal Bank of Canada lifted their price objective on Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. BMO Capital Markets lifted their price objective on Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Finally, GMP Securities lifted their price objective on Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Suncor Energy currently has a consensus rating of Buy and a consensus price target of C$50.71.
Shares of Suncor Energy (TSE SU) opened at C$47.35 on Tuesday. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69. The stock has a market capitalization of $77,990.00, a P/E ratio of 21.92 and a beta of 0.48.
In other news, insider Mark Stephen Little sold 1,000 shares of Suncor Energy stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of C$45.51, for a total value of C$45,510.00. Also, insider Michael Roderick Macsween sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total value of C$2,530,000.00. In the last quarter, insiders sold 56,100 shares of company stock valued at $2,580,074.
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.
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