Suncor Energy (SU) Given New C$59.00 Price Target at Wells Fargo & Co
Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by investment analysts at Wells Fargo & Co from C$56.00 to C$59.00 in a note issued to investors on Thursday. Wells Fargo & Co’s price objective indicates a potential upside of 25.53% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. National Bank Financial upped their target price on shares of Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a C$52.00 target price on shares of Suncor Energy in a research note on Monday, December 11th. Raymond James Financial upped their target price on shares of Suncor Energy from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. TD Securities cut shares of Suncor Energy from a “buy” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research note on Thursday, November 16th. Finally, CIBC upped their target price on shares of Suncor Energy from C$53.00 to C$55.00 in a research note on Thursday, November 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Suncor Energy presently has an average rating of “Buy” and a consensus price target of C$50.71.
Suncor Energy (TSE:SU) remained flat at $C$47.00 during trading hours on Thursday. The stock had a trading volume of 3,190,681 shares, compared to its average volume of 2,445,983. Suncor Energy has a 52 week low of C$36.09 and a 52 week high of C$47.69. The company has a market cap of $77,760.00, a P/E ratio of 21.76 and a beta of 0.48.
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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