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.
COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/14/suncor-energy-inc-su-given-consensus-rating-of-buy-by-brokerages.html.
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.
Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.