Nomura reissued their buy rating on shares of Suncor Energy Inc. (NYSE:SU) in a research note issued to investors on Monday. Nomura currently has a $45.00 target price on the stock.

A number of other equities analysts have also commented on SU. Zacks Investment Research upgraded Suncor Energy from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Wednesday, July 13th. BMO Capital Markets restated an outperform rating and set a $45.00 price target (up from $42.00) on shares of Suncor Energy in a research note on Thursday, October 27th. TD Securities restated a buy rating and set a $45.00 price target (up from $44.00) on shares of Suncor Energy in a research note on Thursday, October 27th. Barclays PLC restated an overweight rating and set a $52.00 price target (up from $50.00) on shares of Suncor Energy in a research note on Saturday, October 29th. Finally, Scotiabank restated an outperform rating and set a $44.00 price target (up from $40.00) on shares of Suncor Energy in a research note on Saturday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $40.45.

Analyst Recommendations for Suncor Energy (NYSE:SU)

Shares of Suncor Energy (NYSE:SU) opened at 30.48 on Monday. Suncor Energy has a 52-week low of $18.71 and a 52-week high of $31.52. The firm’s market capitalization is $50.75 billion. The company has a 50-day moving average price of $28.59 and a 200 day moving average price of $27.64.

A number of institutional investors have recently added to or reduced their stakes in SU. FMR LLC increased its position in Suncor Energy by 8.8% in the second quarter. FMR LLC now owns 88,848,770 shares of the company’s stock worth $2,464,755,000 after buying an additional 7,159,007 shares in the last quarter. Capital Research Global Investors increased its position in Suncor Energy by 12.9% in the second quarter. Capital Research Global Investors now owns 70,432,422 shares of the company’s stock worth $1,953,867,000 after buying an additional 8,049,944 shares in the last quarter. Bank of New York Mellon Corp increased its position in Suncor Energy by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 46,214,835 shares of the company’s stock worth $1,281,537,000 after buying an additional 4,998,480 shares in the last quarter. TD Asset Management Inc. increased its position in Suncor Energy by 2.0% in the second quarter. TD Asset Management Inc. now owns 44,810,146 shares of the company’s stock worth $1,236,620,000 after buying an additional 858,430 shares in the last quarter. Finally, Capital World Investors increased its position in Suncor Energy by 11.6% in the second quarter. Capital World Investors now owns 38,788,644 shares of the company’s stock worth $1,076,036,000 after buying an additional 4,045,701 shares in the last quarter. Hedge funds and other institutional investors own 63.95% of the company’s stock.

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.

5 Day Chart for NYSE:SU

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