Suncor Energy (SU) PT Raised to C$56.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by National Bank Financial from C$49.00 to C$56.00 in a report issued on Tuesday morning. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the stock. BMO Capital Markets restated an outperform rating and set a C$52.00 price target on shares of Suncor Energy in a research report on Monday, December 11th. Raymond James Financial boosted their price target on shares of Suncor Energy from C$47.00 to C$52.00 and gave the company an outperform rating in a research report on Monday, December 4th. TD Securities lowered shares of Suncor Energy from a buy rating to a hold rating and set a C$50.00 price target for the company. in a research report on Thursday, November 16th. CIBC boosted their price target on shares of Suncor Energy from C$53.00 to C$55.00 in a research report on Thursday, November 16th. Finally, Royal Bank of Canada boosted their price target on shares of Suncor Energy from C$47.00 to C$48.00 in a research report on Thursday, November 16th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$50.71.

Suncor Energy (TSE SU) opened at C$47.11 on Tuesday. The company has a market cap of $77,590.00, a price-to-earnings ratio of 21.81 and a beta of 0.48. Suncor Energy has a 1 year low of C$36.09 and a 1 year high of C$47.69.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, November 30th. Suncor Energy’s dividend payout ratio is currently 57.87%.

In other Suncor Energy news, insider Mark Stephen Little sold 1,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were 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 business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of C$46.00, for a total transaction of C$2,530,000.00. Insiders have sold a total of 56,100 shares of company stock valued at $2,580,074 over the last ninety days.

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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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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