Suncor Energy Inc. (SU) Price Target Raised to C$45.00 at Scotiabank
Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its price target upped by Scotiabank from C$44.00 to C$45.00 in a report released on Friday morning. The brokerage currently has an outperform rating on the stock.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$42.00 price target on shares of Suncor Energy in a report on Friday, September 30th. TD Securities lifted their price target on Suncor Energy from C$44.00 to C$45.00 and gave the company a buy rating in a report on Thursday, October 27th. Raymond James Financial Inc. lifted their price target on Suncor Energy from C$42.00 to C$43.00 in a report on Wednesday, October 12th. BMO Capital Markets lifted their price target on Suncor Energy from C$42.00 to C$45.00 and gave the company an outperform rating in a report on Thursday, October 27th. Finally, JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$39.00 to C$40.00 in a report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Suncor Energy has an average rating of Buy and a consensus target price of C$43.27.
Shares of Suncor Energy (TSE:SU) opened at 41.81 on Friday. Suncor Energy has a 1-year low of $27.32 and a 1-year high of $42.20. The firm’s 50-day moving average is $38.95 and its 200-day moving average is $36.23. The stock’s market capitalization is $69.61 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.77%.
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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