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Suncor Energy (SU) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Thu Apr 9, 11:00AM CDT

In a report released on April 6, Neil Mehta from Goldman Sachs maintained a Buy rating on Suncor Energy, with a price target of $73.00. The company’s shares opened today at C$92.00.

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Mehta covers the Energy sector, focusing on stocks such as Permian Resources, Ovintiv, and Suncor Energy. According to TipRanks, Mehta has an average return of 11.4% and a 61.80% success rate on recommended stocks.

In addition to Goldman Sachs, Suncor Energy also received a Buy from CIBC’s Dennis Fong in a report issued on April 6. However, on April 5, Morgan Stanley maintained a Hold rating on Suncor Energy (NYSE: SU).

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The company has a one-year high of C$94.34 and a one-year low of C$43.59. Currently, Suncor Energy has an average volume of 7.58M.

Based on the recent corporate insider activity of 36 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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