Suncor Energy Inc. (TSE:SU) Price Target Raised to C$50.00 at TD Securities

Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its target price hoisted by TD Securities from C$49.00 to C$50.00 in a research report report published on Thursday, October 26th. They currently have a buy rating on the stock.

A number of other research analysts have also commented on SU. Barclays PLC upped their price target 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 upped their price target on shares of Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. CIBC upped their price target on shares of Suncor Energy from C$50.00 to C$53.00 in a research note on Tuesday, October 17th. National Bank Financial dropped their price objective on shares of Suncor Energy from C$50.00 to C$49.00 and set an outperform rating for the company in a research note on Friday, October 13th. Finally, AltaCorp Capital downgraded shares of Suncor Energy from an outperform rating to a sector perform rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of C$49.17.

Shares of Suncor Energy (TSE:SU) opened at C$46.19 on Thursday. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$46.24.

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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 shares were 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 shares were sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. In the last 90 days, insiders have purchased 3,539 shares of company stock valued at $146,553 and have sold 76,000 shares valued at $3,435,510.

About Suncor Energy

Suncor Energy Inc (Suncor) is an 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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