Suncor Energy Inc. (SU) Receives Consensus Rating of “Buy” from Brokerages
Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$49.00.
SU has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. J P Morgan Chase & Co boosted their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. CIBC boosted their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a research note on Tuesday, October 17th. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$47.00 to C$48.00 in a research note on Thursday, November 16th. Finally, BMO Capital Markets boosted their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Thursday, November 16th.
Shares of Suncor Energy (TSE:SU) traded up C$0.44 on Monday, hitting C$44.69. 1,745,151 shares of the stock were exchanged, compared to its average volume of 2,616,702. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$46.66.
In related news, insider Mark Stephen Little sold 1,000 shares of Suncor Energy stock in a transaction dated 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 Suncor Energy stock in a transaction dated 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. Insiders sold 76,100 shares of company stock valued at $3,440,074 over the last 90 days.
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Suncor Energy Company Profile
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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