Suncor Energy Given New C$45.00 Price Target at Canaccord Genuity (SU)
Research analysts at Canaccord Genuity cut their price target on shares of Suncor Energy (TSE:SU) from C$49.50 to C$45.00 in a report released on Wednesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 28.53% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of Suncor Energy from C$46.00 to C$45.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Suncor Energy in a research note to investors on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average target price of C$46.22.
Suncor Energy (TSE:SU) traded up 0.66% during mid-day trading on Wednesday, hitting $35.24. The stock had a trading volume of 2,025,152 shares. Suncor Energy has a 1-year low of $27.50 and a 1-year high of $38.56. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $36.29. The company has a market cap of $52.457 billion and a price-to-earnings ratio of 17.86.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 25th. Shareholders of record on Tuesday, March 4th will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.63%.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.