Barclays Raises Suncor Energy (SU) Price Target to C$52.00
A number of other research firms have also issued reports on SU. Wells Fargo & Co increased their target price on Suncor Energy from C$56.00 to C$59.00 in a research note on Thursday, January 11th. Eight Capital set a C$56.00 target price on Suncor Energy and gave the company a neutral rating in a research note on Thursday, January 11th. National Bank Financial raised their price objective on Suncor Energy from C$49.00 to C$56.00 and gave the company an outperform rating in a research note on Tuesday, January 9th. TD Securities lowered Suncor Energy from a buy rating to a hold rating and set a C$50.00 price objective for the company. in a research note on Thursday, November 16th. Finally, CIBC raised their price objective on Suncor Energy from C$53.00 to C$55.00 in a research note on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$51.54.
Shares of Suncor Energy (SU) opened at C$42.06 on Friday. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$47.69. The stock has a market capitalization of $69,030.00, a PE ratio of 19.47 and a beta of 0.40.
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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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