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.
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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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