Suncor Energy Inc. (SU) Earns “Outperform” Rating from Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of Suncor Energy Inc. (TSE:SU) in a research report sent to investors on Friday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$42.00 target price on the stock.
Several other brokerages also recently weighed in on SU. Raymond James Financial Inc. cut their price objective on shares of Suncor Energy from C$43.00 to C$42.00 and set an outperform rating on the stock in a research report on Wednesday, June 8th. JPMorgan Chase & Co. cut their price objective on shares of Suncor Energy from C$41.00 to C$38.00 in a research report on Monday, July 11th. Scotiabank reiterated an outperform rating and issued a C$38.00 price objective on shares of Suncor Energy in a research report on Friday, July 29th. TD Securities lifted their price objective on shares of Suncor Energy from C$39.00 to C$40.00 and gave the company a buy rating in a research report on Thursday, June 23rd. Finally, Morgan Stanley lifted their price objective on shares of Suncor Energy from C$40.00 to C$44.00 in a research report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$40.21.
Shares of Suncor Energy (TSE:SU) opened at 36.38 on Friday. Suncor Energy has a 12 month low of $27.32 and a 12 month high of $40.35. The firm’s market cap is $60.55 billion. The company’s 50-day moving average is $35.53 and its 200-day moving average is $35.53.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.19%.
Suncor Energy Company Profile
Suncor Energy Inc (Suncor) is an 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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