Suncor Energy Inc. (SU) PT Raised to C$43.00 at Raymond James Financial Inc.
Suncor Energy Inc. (TSE:SU) had its price objective raised by stock analysts at Raymond James Financial Inc. from C$42.00 to C$43.00 in a report released on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price target would suggest a potential upside of 14.97% from the stock’s previous close.
A number of other equities research analysts also recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a C$42.00 price objective on shares of Suncor Energy in a research report on Friday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$39.00 to C$40.00 in a research report on Monday, September 12th. Scotiabank reiterated an “outperform” rating and set a C$38.00 price target on shares of Suncor Energy in a research report on Friday, July 29th. Finally, TD Securities reiterated a “buy” rating and set a C$41.00 price target on shares of Suncor Energy in a research report on Thursday, July 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average price target of C$40.29.
Shares of Suncor Energy (TSE:SU) traded down 0.67% on Wednesday, reaching $37.15. The company had a trading volume of 1,376,100 shares. The firm has a 50-day moving average price of $35.55 and a 200 day moving average price of $35.56. The firm’s market capitalization is $61.83 billion. Suncor Energy has a 1-year low of $27.32 and a 1-year high of $40.35.
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The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Investors of record on Tuesday, September 6th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $1.16 annualized dividend and a dividend yield of 3.10%.
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.
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