Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its target price upped by equities research analysts at Royal Bank of Canada from C$60.00 to C$65.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 17.86% from the stock’s current price.
A number of other equities research analysts have also commented on the company. CIBC raised their price target on Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “market perform” rating in a report on Wednesday. TD Securities lifted their price target on shares of Suncor Energy from C$52.00 to C$57.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on shares of Suncor Energy from C$54.00 to C$62.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, ATB Capital boosted their price objective on shares of Suncor Energy from C$53.00 to C$57.50 and gave the company a “sector perform” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$62.42.
Read Our Latest Research Report on SU
Suncor Energy Stock Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during the quarter, compared to analyst estimates of C$11.33 billion. Suncor Energy had a return on equity of 18.64% and a net margin of 15.85%. As a group, equities research analysts predict that Suncor Energy will post 4.9972527 EPS for the current year.
Insider Activity at Suncor Energy
In related news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. 0.01% of the stock is currently owned by corporate insiders.
Suncor Energy Company Profile
Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.
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