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

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.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, November 30th. Suncor Energy’s dividend payout ratio is currently 57.87%.

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.

COPYRIGHT VIOLATION WARNING: This article was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/12/16/suncor-energy-inc-su-given-consensus-recommendation-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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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.

Latest News

Leave a Reply