Suncor Energy (TSE:SU) Price Target Increased to C$52.00 by Analysts at Raymond James Financial

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by equities researchers at Raymond James Financial from C$47.00 to C$52.00 in a report issued on Monday, December 4th. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 12.68% from the stock’s current price.

Several other research firms have also recently commented on SU. TD Securities cut Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price for the company. in a research note on Thursday, November 16th. CIBC raised their price objective on Suncor Energy from C$53.00 to C$55.00 in a research note on Thursday, November 16th. Royal Bank of Canada raised their price objective on Suncor Energy from C$47.00 to C$48.00 in a research note on Thursday, November 16th. BMO Capital Markets raised their price objective on Suncor Energy from C$50.00 to C$52.00 in a research note on Thursday, November 16th. Finally, GMP Securities raised their price objective on Suncor Energy from C$42.00 to C$43.00 in a research note on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$49.00.

Suncor Energy (SU) traded up C$0.01 during trading on Monday, hitting C$46.15. The stock had a trading volume of 1,733,100 shares, compared to its average volume of 2,626,982. The stock has a market cap of $76,310.00, a PE ratio of 21.37 and a beta of 0.48. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$46.66.

In other Suncor Energy news, insider Mark Stephen Little sold 1,000 shares of the stock in a transaction 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 stock in a transaction 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. Insiders have sold 56,100 shares of company stock worth $2,580,074 over the last 90 days.

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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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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