Suncor Energy Stock Rating Reaffirmed by Scotiabank (SU)
Suncor Energy (TSE:SU)‘s stock had its “sector outperform” rating restated by stock analysts at Scotiabank in a report issued on Thursday, ARN reports. They currently have a C$47.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 24.04% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of Suncor Energy from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 24th. Separately, analysts at BMO Capital Markets raised their price target on shares of Suncor Energy from C$44.00 to C$46.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Suncor Energy in a research note to investors on Tuesday, September 24th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$44.00.
Shares of Suncor Energy (TSE:SU) traded down 0.26% on Thursday, hitting $37.89. 3,671,734 shares of the company’s stock traded hands. Suncor Energy has a 52-week low of $27.50 and a 52-week high of $38.11. The stock’s 50-day moving average is $37.09 and its 200-day moving average is $33.53. The company has a market cap of $56.874 billion and a P/E ratio of 20.76.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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