Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$49.00.
SU has been the subject of several analyst reports. Barclays lifted their price objective on shares of Suncor Energy from C$47.00 to C$49.00 in a research note on Tuesday, October 10th. J P Morgan Chase & Co raised their target price on shares of Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. CIBC raised their target price on shares of Suncor Energy from C$50.00 to C$53.00 in a report on Tuesday, October 17th. Royal Bank of Canada raised their target price on shares of Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. Finally, BMO Capital Markets raised their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Thursday, November 16th.
Shares of Suncor Energy (TSE:SU) traded up C$0.07 during trading on Monday, reaching C$43.66. 9,061,972 shares of the company’s stock traded hands, compared to its average volume of 2,648,124. Suncor Energy has a twelve month low of C$36.09 and a twelve month high of C$46.66.
In related news, Director Jacynthe Cote purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were bought at an average cost of C$41.78 per share, with a total value of C$83,560.00. 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. Over the last three months, insiders sold 76,100 shares of company stock worth $3,440,074.
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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.
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