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, 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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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.

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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.

Stock Target Prices

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