National Bank Financial Boosts Suncor Energy (SU) Price Target to C$56.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by National Bank Financial from C$49.00 to C$56.00 in a research report report published on Tuesday morning. National Bank Financial currently has an outperform rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an outperform rating in a report on Friday, October 27th. JPMorgan Chase & Co. lifted their price target on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. Raymond James Financial lifted their price target on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an outperform rating in a report on Monday, December 4th. CIBC lifted their price target on shares of Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$50.71.

Suncor Energy (TSE SU) opened at C$47.11 on Tuesday. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$47.69. The company has a market cap of $77,590.00, a P/E ratio of 21.81 and a beta of 0.48.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a $0.32 dividend. The ex-dividend date was Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 2.72%. Suncor Energy’s dividend payout ratio is 57.87%.

In related news, insider Mark Stephen Little sold 1,000 shares of Suncor Energy 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 value of C$45,510.00. Also, insider Michael Roderick Macsween sold 55,000 shares of Suncor Energy 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. Insiders sold a total of 56,100 shares of company stock valued at $2,580,074 over the last quarter.

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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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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