National Bank Financial Increases Suncor Energy (TSE:SU) Price Target to C$56.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by National Bank Financial from C$49.00 to C$56.00 in a research note published on Tuesday, January 9th. National Bank Financial currently has an outperform rating on the stock.

SU has been the topic of several other research reports. Barclays increased their target price on Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. BMO Capital Markets raised their price objective on Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th. TD Securities lowered Suncor Energy from a buy rating to a hold rating and set a C$50.00 price objective on the stock. in a report on Thursday, November 16th. CIBC raised their price objective on Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. Finally, Royal Bank of Canada raised their price objective on Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Suncor Energy presently has an average rating of Buy and a consensus target price of C$50.71.

Shares of Suncor Energy (TSE:SU) traded down C$0.81 during midday trading on Tuesday, hitting C$43.81. The stock had a trading volume of 2,730,000 shares, compared to its average volume of 2,380,000. The firm has a market capitalization of $72,160.00, a PE ratio of 20.28 and a beta of 0.40. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$47.69.

In other 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 transaction 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. In the last 90 days, insiders sold 56,100 shares of company stock valued at $2,580,074.

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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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