Suncor Energy (TSE:SU) (NYSE:SU)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a report released on Friday. They presently have a C$70.00 price objective on the stock. Raymond James’ target price suggests a potential upside of 58.80% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. TD Securities raised their target price on Suncor Energy from C$58.00 to C$59.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. National Bank Financial raised their target price on Suncor Energy from C$65.00 to C$67.00 in a report on Friday, October 5th. Canaccord Genuity raised their target price on Suncor Energy from C$64.00 to C$67.00 in a report on Thursday, August 16th. BMO Capital Markets raised their target price on Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, July 26th. Finally, Mizuho decreased their target price on Suncor Energy from C$61.00 to C$59.00 in a report on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$60.75.
SU stock opened at C$44.08 on Friday. Suncor Energy has a 1 year low of C$40.49 and a 1 year high of C$55.47.
In other Suncor Energy news, insider Janice Odegaard sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of C$54.00, for a total transaction of C$3,240,000.00.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
See Also: Fundamental Analysis
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