National Bank Sticks to Its Buy Rating for Suncor Energy (SU)
In a report released yesterday, Travis Wood from National Bank maintained a Buy rating on Suncor Energy, with a price target of C$72.00.
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Wood covers the Energy sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Suncor Energy. According to TipRanks, Wood has an average return of 28.1% and a 70.69% success rate on recommended stocks.
In a report released on January 8, RBC Capital also reiterated a Buy rating on the stock with a $70.00 price target.
Based on Suncor Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$12.55 billion and a net profit of C$1.62 billion. In comparison, last year the company earned a revenue of C$12.89 billion and had a net profit of C$2.02 billion
Based on the recent corporate insider activity of 31 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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