ATB Cormark Capital Markets Sticks to Its Hold Rating for Suncor Energy (SU)
ATB Cormark Capital Markets analyst Patrick O’rourke reiterated a Hold rating on Suncor Energy today and set a price target of C$95.00.
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O’rourke covers the Energy sector, focusing on stocks such as Suncor Energy, Canadian Natural, and Cenovus Energy. According to TipRanks, O’rourke has an average return of -11.5% and a 33.51% success rate on recommended stocks.
In addition to ATB Cormark Capital Markets, Suncor Energy also received a Hold from Morgan Stanley’s Devin McDermott in a report issued today. However, on the same day, UBS maintained a Buy rating on Suncor Energy (NYSE: SU).
The company has a one-year high of C$90.94 and a one-year low of C$43.59. Currently, Suncor Energy has an average volume of 7.5M.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SU in relation to earlier this year.
Read More on SU:
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