Suncor Energy (SU) Given a C$56.00 Price Target by Eight Capital Analysts

Eight Capital set a C$56.00 price objective on Suncor Energy (TSE:SU) (NYSE:SU) in a research note issued to investors on Thursday. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada upped their target price on Suncor Energy from C$45.00 to C$47.00 and gave the stock an outperform rating in a research note on Friday, October 27th. JPMorgan Chase & Co. increased their price objective on Suncor Energy from C$39.00 to C$42.00 in a research note on Thursday, September 14th. Raymond James Financial increased their price objective on Suncor Energy from C$47.00 to C$52.00 and gave the company an outperform rating in a research note on Monday, December 4th. CIBC increased their price objective on Suncor Energy from C$53.00 to C$55.00 in a research note on Thursday, November 16th. Finally, GMP Securities increased their price objective on Suncor Energy from C$42.00 to C$43.00 in a research note on Thursday, November 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$50.71.

Shares of Suncor Energy (TSE SU) opened at C$47.35 on Thursday. The stock has a market capitalization of $77,990.00, a P/E ratio of 21.92 and a beta of 0.48. Suncor Energy has a 52 week low of C$36.09 and a 52 week high of C$47.69.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, November 30th. Suncor Energy’s payout ratio is 57.87%.

In related news, insider Mark Stephen Little sold 1,000 shares of the firm’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 firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$46.00, for a total value of C$2,530,000.00. Insiders sold 56,100 shares of company stock valued at $2,580,074 in the last ninety days.

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About Suncor Energy

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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