Suncor Energy Receives Consensus Recommendation of “Buy” from Brokerages (TSE:SU)
Suncor Energy (TSE:SU) has earned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the company, ARN reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$51.05.
Suncor Energy (TSE:SU) opened at 43.75 on Monday. Suncor Energy has a one year low of $34.70 and a one year high of $47.18. The stock’s 50-day moving average is $44.21 and its 200-day moving average is $41.23. The company has a market cap of $64.105 billion and a P/E ratio of 16.86.
Suncor Energy (TSE:SU) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.17. On average, analysts predict that Suncor Energy will post $3.61 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Suncor Energy from C$50.00 to C$54.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Suncor Energy from C$50.00 to C$54.00 in a research note on Friday, August 1st. Finally, analysts at Raymond James raised their price target on shares of Suncor Energy from C$51.00 to C$55.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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