Suncor Energy Inc. (SU) PT Raised to C$47.00 at RBC Capital Markets
Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its target price lifted by equities researchers at RBC Capital Markets from C$45.00 to C$47.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. RBC Capital Markets’ price objective would suggest a potential upside of 9.81% from the company’s previous close.
A number of other equities analysts have also weighed in on the stock. TD Securities upped their target price on shares of Suncor Energy from C$45.00 to C$46.00 and gave the stock a “buy” rating in a research note on Friday. Scotiabank upped their target price on shares of Suncor Energy from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank Of Canada upped their target price on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$50.00 target price on shares of Suncor Energy in a research note on Friday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Suncor Energy in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus price target of C$43.27.
Suncor Energy (TSE:SU) opened at 42.80 on Friday. The company’s market capitalization is $71.26 billion. The stock has a 50 day moving average price of $39.22 and a 200-day moving average price of $36.37. Suncor Energy has a 1-year low of $27.32 and a 1-year high of $42.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.71%.
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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