Suncor Energy Inc. (SU) PT Raised to C$43.00 at Raymond James Financial Inc.
Suncor Energy Inc. (TSE:SU) had its price target upped by equities research analysts at Raymond James Financial Inc. from C$42.00 to C$43.00 in a research report issued to clients and investors on Wednesday. Raymond James Financial Inc.’s price target suggests a potential upside of 14.97% from the company’s current price.
A number of other equities analysts have also recently weighed in on SU. JPMorgan Chase & Co. upped their price target on Suncor Energy from C$39.00 to C$40.00 in a report on Monday, September 12th. Scotiabank reaffirmed an “outperform” rating and issued a C$37.00 price target on shares of Suncor Energy in a report on Thursday, June 23rd. TD Securities upped their price target on 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, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$51.00 price target on shares of Suncor Energy in a report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$40.29.
Suncor Energy (TSE:SU) traded down 0.67% during midday trading on Wednesday, hitting $37.15. The stock had a trading volume of 1,376,100 shares. Suncor Energy has a 12-month low of $27.32 and a 12-month high of $40.35. The firm has a 50-day moving average of $35.55 and a 200-day moving average of $35.56. The company’s market cap is $61.83 billion.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th were given a $0.29 dividend. The ex-dividend date was Thursday, September 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%.
About Suncor Energy
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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