Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by Raymond James Financial from C$47.00 to C$52.00 in a research note published on Monday. Raymond James Financial currently has an outperform rating on the stock.
Several other research analysts have also issued reports on SU. J P Morgan Chase & Co raised their price target on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. Barclays raised their price target on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. National Bank Financial lowered their price target on shares of Suncor Energy from C$50.00 to C$49.00 and set an outperform rating for the company in a report on Friday, October 13th. CIBC raised their price target on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. Finally, TD Securities raised their price target on shares of Suncor Energy from C$49.00 to C$50.00 and gave the stock a buy rating in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$49.00.
Suncor Energy (TSE SU) opened at C$43.55 on Monday. Suncor Energy has a fifty-two week low of C$36.09 and a fifty-two week high of C$46.66.
In related news, insider Michael Roderick Macsween sold 55,000 shares of Suncor Energy stock in a transaction 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. Also, insider Mark Stephen Little sold 1,000 shares of Suncor Energy stock in a transaction on Thursday, November 9th. The stock was sold at an average price of C$45.51, for a total transaction of C$45,510.00. Insiders sold a total of 76,100 shares of company stock valued at $3,440,074 in the last quarter.
WARNING: This piece was posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://weekherald.com/2017/12/07/raymond-james-financial-raises-suncor-energy-su-price-target-to-c52-00.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.