Suncor Energy Inc. (SU) Stock Rating Reaffirmed by BMO Capital Markets
Suncor Energy Inc. (TSE:SU) (NYSE:SU)‘s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a research report issued on Friday. They currently have a C$50.00 target price on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.82% from the stock’s previous close.
A number of other analysts also recently issued reports on SU. Barclays PLC raised their price target on shares of Suncor Energy from C$50.00 to C$52.00 and gave the company an “overweight” rating in a report on Friday, October 28th. Raymond James Financial Inc. raised their price target on shares of Suncor Energy from C$43.00 to C$47.00 in a report on Friday, October 28th. TD Securities reaffirmed a “buy” rating and set a C$41.00 price target on shares of Suncor Energy in a report on Thursday, July 28th. Scotiabank raised their price target on shares of Suncor Energy from C$40.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Suncor Energy in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$43.27.
Suncor Energy (TSE:SU) opened at 42.80 on Friday. The company’s 50-day moving average is $39.22 and its 200 day moving average is $36.37. The stock’s market cap is $71.26 billion. Suncor Energy has a 52 week low of $27.32 and a 52 week high of $42.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.71%.
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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