Suncor Energy Inc. (SU) Stock Rating Reaffirmed by Royal Bank Of Canada
Suncor Energy Inc. (TSE:SU)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Friday. They presently have a C$42.00 price target on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 15.35% from the stock’s current price.
Several other research firms have also weighed in on SU. Raymond James Financial Inc. dropped their price objective on shares of Suncor Energy from C$43.00 to C$42.00 and set an “outperform” rating for the company in a report on Wednesday, June 8th. JPMorgan Chase & Co. dropped their price objective on shares of Suncor Energy from C$41.00 to C$38.00 in a report on Monday, July 11th. Scotiabank reaffirmed an “outperform” rating and set a C$38.00 price objective on shares of Suncor Energy in a report on Friday, July 29th. TD Securities raised their price objective on shares of Suncor Energy from C$39.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, June 23rd. Finally, Morgan Stanley raised their price objective on shares of Suncor Energy from C$40.00 to C$44.00 in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Suncor Energy presently has a consensus rating of “Buy” and a consensus target price of C$40.21.
Suncor Energy (TSE:SU) remained flat at $36.41 on Friday. 518,398 shares of the company’s stock traded hands. The stock has a 50-day moving average of $35.54 and a 200 day moving average of $35.52. The company’s market capitalization is $60.60 billion. Suncor Energy has a 1-year low of $27.32 and a 1-year high of $40.35.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were paid a $0.29 dividend. The ex-dividend date was Thursday, September 1st. This represents a $1.16 dividend on an annualized basis and a yield of 3.19%.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
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