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Desjardins Reaffirms Their Buy Rating on Suncor Energy (SU)

Desjardins Reaffirms Their Buy Rating on Suncor Energy (SU)

In a report released today, Chris MacCulloch from Desjardins maintained a Buy rating on Suncor Energy, with a price target of C$65.00. The company’s shares opened today at $39.42.

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According to TipRanks, MacCulloch is a 5-star analyst with an average return of 24.1% and a 51.96% success rate. MacCulloch covers the Energy sector, focusing on stocks such as Tamarack Valley Energy, Imperial Oil, and Cenovus Energy.

Suncor Energy has an analyst consensus of Moderate Buy, with a price target consensus of $44.76, which is a 13.55% upside from current levels. In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a C$63.00 price target.

The company has a one-year high of $41.95 and a one-year low of $30.79. Currently, Suncor Energy has an average volume of 4.47M.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SU in relation to earlier this year.

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