Suncor Energy Receives Consensus Recommendation of “Buy” from Analysts (TSE:SU)
Suncor Energy (TSE:SU) has been given an average recommendation of “Buy” by the thirteen analysts that are covering the stock, American Banking News.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$46.22.
Suncor Energy (TSE:SU) opened at 36.72 on Tuesday. Suncor Energy has a 1-year low of $27.50 and a 1-year high of $38.56. The stock’s 50-day moving average is $36.80 and its 200-day moving average is $36.4. The company has a market cap of $54.284 billion and a P/E ratio of 14.10.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 25th. Investors 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 2.51%.
SU has been the subject of a number of recent research reports. Analysts at Canaccord Genuity cut their price target on shares of Suncor Energy from C$49.50 to C$45.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. Separately, 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 on Wednesday, February 5th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Suncor Energy from C$44.00 to C$46.00 in a research note on Monday, January 27th. They now have an “outperform” rating on the stock.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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