Royal Bank Of Canada Boosts Suncor Energy (TSE:SU) Price Target to C$48.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lifted by research analysts at Royal Bank Of Canada from C$47.00 to C$48.00 in a research note issued on Thursday, November 16th. Royal Bank Of Canada’s price objective suggests a potential upside of 9.69% from the stock’s current price.

Several other equities analysts have also commented on the company. BMO Capital Markets upped their price target on Suncor Energy from C$50.00 to C$52.00 in a research note on Thursday, November 16th. GMP Securities increased their target price on Suncor Energy from C$42.00 to C$43.00 in a research note on Thursday, November 16th. Barclays increased their target price on Suncor Energy from C$49.00 to C$50.00 in a research note on Friday, October 27th. TD Securities increased their price target on Suncor Energy from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, CIBC increased their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$49.00.

Shares of Suncor Energy (TSE SU) traded down C$0.79 during trading hours on Thursday, reaching C$43.76. The company’s stock had a trading volume of 2,091,814 shares, compared to its average volume of 2,635,287. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$46.66.

In other Suncor Energy news, Director Jacynthe Cote purchased 2,000 shares of Suncor Energy stock in a transaction dated Tuesday, September 19th. The stock was acquired at an average cost of C$41.78 per share, with a total value of C$83,560.00. Also, insider Steven Walter Williams acquired 1,000 shares of Suncor Energy stock in a transaction that occurred on Wednesday, September 6th. The shares were purchased at an average cost of C$39.39 per share, with a total value of C$39,390.00. Over the last quarter, insiders acquired 3,539 shares of company stock worth $146,553 and sold 76,100 shares worth $3,440,074.

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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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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