Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$51.54.
Several analysts have weighed in on the stock. Barclays lifted their price objective on shares of Suncor Energy from C$50.00 to C$52.00 in a research note on Friday, February 9th. Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$49.00 to C$52.00 in a report on Friday, February 9th. GMP Securities lifted their price target on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. BMO Capital Markets lifted their price target on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. Finally, TD Securities raised shares of Suncor Energy from a “hold” rating to a “buy” rating and set a C$52.00 price target on the stock in a report on Friday, February 9th.
Suncor Energy (TSE SU) traded down C$0.24 during trading on Friday, reaching C$42.00. 1,253,616 shares of the company were exchanged, compared to its average volume of 2,994,451. The company has a market capitalization of $69,030.00, a P/E ratio of 15.69 and a beta of 0.40. Suncor Energy has a 1-year low of C$36.09 and a 1-year high of C$47.69.
In other news, insider Steven Walter Williams sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$43.32, for a total value of C$86,640.00. Also, Director Dominic D’alessandro purchased 30,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average price of C$42.20 per share, for a total transaction of C$1,266,000.00.
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.
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