Suncor Energy (TSE:SU) (NYSE:SU)‘s stock had its “outperform” rating reaffirmed by equities research analysts at BMO Capital Markets in a research note issued on Monday. They presently have a C$52.00 target price on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 15.92% from the stock’s previous close.
Several other analysts also recently commented on the stock. Royal Bank of Canada lifted 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 report on Friday, October 27th. GMP Securities lifted their target price on shares of Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Barclays lifted their target price on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. Raymond James Financial lifted their target price on shares of Suncor Energy from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Finally, TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price for the company. in a report on Thursday, November 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$49.00.
Suncor Energy (TSE:SU) opened at C$44.86 on Monday. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$46.66.
About Suncor Energy
Suncor Energy Inc is a Canada-based 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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