Suncor Energy Inc. (SU) Price Target Raised to C$43.00 at Raymond James Financial Inc.
Suncor Energy Inc. (TSE:SU) had its price objective boosted by investment analysts at Raymond James Financial Inc. from C$42.00 to C$43.00 in a report issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s target price suggests a potential upside of 14.97% from the company’s current price.
SU has been the subject of several other research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$42.00 price objective on shares of Suncor Energy in a research report on Friday, September 30th. TD Securities reiterated a “buy” rating and issued a C$41.00 price objective on shares of Suncor Energy in a research report on Thursday, July 28th. JPMorgan Chase & Co. lowered their price objective on Suncor Energy from C$41.00 to C$38.00 in a research report on Monday, July 11th. Finally, Scotiabank reissued an “outperform” rating and set a C$38.00 target price on shares of Suncor Energy in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$40.29.
Shares of Suncor Energy (TSE:SU) traded down 0.67% during trading on Wednesday, reaching $37.15. The company’s stock had a trading volume of 1,376,100 shares. The stock’s 50 day moving average is $35.55 and its 200 day moving average is $35.56. The firm’s market cap is $61.83 billion. Suncor Energy has a one year low of $27.32 and a one year high of $40.35.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/suncor-energy-inc-su-price-target-raised-to-c43-00-at-raymond-james-financial-inc.html
The business also recently announced a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, September 1st.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.