Raymond James Financial Boosts Suncor Energy (SU) Price Target to C$52.00
Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by research analysts at Raymond James Financial from C$47.00 to C$52.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 17.99% from the company’s previous close.
Other research analysts have also issued research reports about the company. Royal Bank Of Canada increased their price objective on Suncor Energy from C$45.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, October 27th. J P Morgan Chase & Co increased their price objective on Suncor Energy from C$39.00 to C$42.00 in a report on Thursday, September 14th. CIBC increased their price objective on Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. GMP Securities increased their price objective on Suncor Energy from C$42.00 to C$43.00 in a report on Thursday, November 16th. Finally, National Bank Financial lowered their price objective on Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$49.00.
Suncor Energy (SU) traded down C$0.48 on Monday, hitting C$44.07. The stock had a trading volume of 1,062,221 shares, compared to its average volume of 2,637,630. Suncor Energy has a 52 week low of C$36.09 and a 52 week high of C$46.66.
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Suncor Energy Company Profile
Suncor Energy Inc is a Canada-based 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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