Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by stock analysts at Wells Fargo & Co from C$56.00 to C$59.00 in a note issued to investors on Thursday. Wells Fargo & Co’s price target suggests a potential upside of 25.53% from the company’s previous close.
A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted 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. BMO Capital Markets restated an “outperform” rating and set a C$52.00 target price on shares of Suncor Energy in a report on Monday, December 11th. TD Securities downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a report on Thursday, November 16th. Raymond James Financial boosted 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, National Bank Financial lowered their target price on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$50.71.
Shares of Suncor Energy (TSE:SU) remained flat at $C$47.00 on Thursday. The company’s stock had a trading volume of 3,190,681 shares, compared to its average volume of 2,445,983. The firm has a market capitalization of $77,760.00, a price-to-earnings ratio of 21.76 and a beta of 0.48. Suncor Energy has a 12-month low of C$36.09 and a 12-month high of C$47.69.
Suncor Energy Company Profile
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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