Suncor Energy (SU) Upgraded at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a C$52.00 price target on the stock. TD Securities’ target price suggests a potential upside of 26.58% from the company’s current price.

SU has been the topic of several other reports. Eight Capital set a C$56.00 price target on Suncor Energy and gave the company a “neutral” rating in a report on Thursday, January 11th. Wells Fargo & Co increased their price target on Suncor Energy from C$56.00 to C$59.00 in a report on Thursday, January 11th. National Bank Financial increased their price target on Suncor Energy from C$49.00 to C$56.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. CIBC increased their price target on Suncor Energy from C$53.00 to C$55.00 in a report on Thursday, November 16th. Finally, Royal Bank of Canada increased their price target on Suncor Energy from C$47.00 to C$48.00 in a report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Suncor Energy has a consensus rating of “Buy” and a consensus price target of C$51.29.

Suncor Energy (TSE:SU) traded down C$0.36 during mid-day trading on Friday, reaching C$41.08. The company had a trading volume of 2,885,402 shares, compared to its average volume of 2,818,010. The company has a market cap of $68,250.00, a PE ratio of 19.02 and a beta of 0.40. Suncor Energy has a fifty-two week low of C$36.09 and a fifty-two week high of C$47.69.

COPYRIGHT VIOLATION NOTICE: “Suncor Energy (SU) Upgraded at TD Securities” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/09/suncor-energy-su-upgraded-at-td-securities.html.

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.

Analyst Recommendations for Suncor Energy (TSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply