Suncor Energy Inc. (SU) Given Consensus Rating of “Buy” by Brokerages

Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average recommendation of “Buy” by the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$50.71.

A number of brokerages have recently issued reports on SU. National Bank Financial reduced their price target on Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Wells Fargo & Co upped their price target on Suncor Energy from C$56.00 to C$59.00 in a research report on Thursday, January 11th. BMO Capital Markets upped their price target on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. CIBC upped their price target on Suncor Energy from C$50.00 to C$53.00 in a research report on Tuesday, October 17th. Finally, TD Securities upped their price target on Suncor Energy from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th.

Suncor Energy (SU) traded down C$1.18 during trading on Tuesday, reaching C$44.35. The company’s stock had a trading volume of 2,740,000 shares, compared to its average volume of 2,620,000. The stock has a market capitalization of $73,050.00, a price-to-earnings ratio of 20.53 and a beta of 0.48. Suncor Energy has a one year low of C$36.09 and a one year high of C$47.69.

In related news, insider Mark Stephen Little sold 1,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was 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 the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of C$46.00, for a total value of C$2,530,000.00. Over the last three months, insiders sold 56,100 shares of company stock worth $2,580,074.

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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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