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Jefferies Reaffirms Their Hold Rating on Suncor Energy (SU)

Tipranks - Wed Mar 18, 7:34AM CDT

In a report released yesterday, Lloyd Byrne from Jefferies maintained a Hold rating on Suncor Energy, with a price target of C$82.00. The company’s shares closed yesterday at C$82.93.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, Schlumberger, and Baker Hughes Company. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.

Currently, the analyst consensus on Suncor Energy is a Moderate Buy with an average price target of C$77.44, implying a -6.62% downside from current levels. In a report released on March 5, TipRanks – Anthropic also reiterated a Hold rating on the stock with a C$84.00 price target.

The company has a one-year high of C$82.95 and a one-year low of C$43.59. Currently, Suncor Energy has an average volume of 7.27M.

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.

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