Suncor Energy Given “Outperform” Rating at RBC Capital (SU)
Suncor Energy (NYSE:SU)‘s stock had its “outperform” rating restated by stock analysts at RBC Capital in a report issued on Friday, Analyst Ratings Network reports. They currently have a $44.00 price objective on the stock, down from their previous price objective of $45.00. RBC Capital’s target price indicates a potential upside of 21.05% from the company’s current price.
SU has been the subject of a number of other recent research reports. 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. They now have a $36.00 price target on the stock. They noted that the move was a valuation call. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Suncor Energy in a research note to investors on Tuesday, September 3rd. They now have a $36.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $43.17.
Shares of Suncor Energy (NYSE:SU) opened at 36.18 on Friday. Suncor Energy has a one year low of $26.83 and a one year high of $37.00. The stock has a 50-day moving average of $35.90 and a 200-day moving average of $32.53. The company has a market cap of $54.307 billion and a P/E ratio of 19.54. Suncor Energy also was the recipient of unusually large options trading activity on Thursday. Traders acquired 22,075 put options on the company. This is an increase of approximately 1,043% compared to the average volume of 1,931 put options.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
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