Eight Capital Analysts Give Suncor Energy (SU) a C$56.00 Price Target

Eight Capital set a C$56.00 price target on Suncor Energy (TSE:SU) (NYSE:SU) in a research report report published on Thursday. The brokerage currently has a neutral rating on the stock.

A number of other brokerages also recently commented on SU. JPMorgan Chase & Co. boosted their price objective on Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. Barclays boosted their price objective on Suncor Energy from C$47.00 to C$49.00 in a research report on Tuesday, October 10th. National Bank Financial lowered their price objective on Suncor Energy from C$50.00 to C$49.00 and set an outperform rating for the company in a research report on Friday, October 13th. CIBC boosted their price objective on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, TD Securities boosted their price objective on Suncor Energy from C$49.00 to C$50.00 and gave the stock a buy rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Suncor Energy currently has an average rating of Buy and a consensus target price of C$50.71.

Suncor Energy (SU) opened at C$47.35 on Thursday. The firm has a market capitalization of $77,990.00, a PE ratio of 21.92 and a beta of 0.48. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$47.69.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, November 30th. Suncor Energy’s payout ratio is 57.87%.

In related news, insider Mark Stephen Little sold 1,000 shares of the business’s 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 transaction 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 stock was sold at an average price of C$46.00, for a total value of C$2,530,000.00. In the last 90 days, insiders have sold 56,100 shares of company stock valued at $2,580,074.

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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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