Suncor Energy Inc. (SU) Given Average Recommendation of “Buy” by Brokerages

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Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given a consensus rating of “Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$60.88.

A number of research analysts recently commented on SU shares. National Bank Financial boosted their price target on Suncor Energy from C$65.00 to C$67.00 in a research note on Friday, October 5th. CIBC reaffirmed an “outperform” rating and issued a C$64.00 price target on shares of Suncor Energy in a research note on Friday, October 5th. Raymond James boosted their price target on Suncor Energy from C$69.00 to C$70.00 in a research note on Friday, October 5th. BMO Capital Markets boosted their price target on Suncor Energy from C$60.00 to C$65.00 in a research note on Tuesday, October 9th. Finally, Canaccord Genuity boosted their price target on Suncor Energy from C$64.00 to C$67.00 in a research note on Thursday, August 16th.

In other Suncor Energy news, insider Janice Odegaard sold 60,000 shares of Suncor Energy stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of C$54.00, for a total value of C$3,240,000.00.

Shares of SU traded down C$0.10 during midday trading on Thursday, reaching C$44.06. 4,945,926 shares of the stock were exchanged, compared to its average volume of 3,128,715. Suncor Energy has a twelve month low of C$40.49 and a twelve month high of C$55.47.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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