Suncor Energy Inc. (SU) PT Raised to C$43.00 at Raymond James Financial Inc.
Suncor Energy Inc. (TSE:SU) had its target price upped by stock analysts at Raymond James Financial Inc. from C$42.00 to C$43.00 in a research note issued on Wednesday. Raymond James Financial Inc.’s target price would indicate a potential upside of 14.39% from the stock’s previous close.
Several other analysts have also commented on SU. JPMorgan Chase & Co. decreased their price objective on Suncor Energy from C$41.00 to C$38.00 in a report on Monday, July 11th. Scotiabank reiterated an “outperform” rating and set a C$37.00 price objective on shares of Suncor Energy in a report on Thursday, June 23rd. TD Securities upped their target price on 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, Royal Bank Of Canada reissued an “outperform” rating and issued a C$51.00 target price on shares of Suncor Energy in a research report on Thursday, June 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of “Buy” and a consensus target price of C$40.29.
Suncor Energy (TSE:SU) opened at 37.59 on Wednesday. The stock’s market capitalization is $62.57 billion. The stock has a 50 day moving average price of $35.61 and a 200 day moving average price of $35.59. Suncor Energy has a 12 month low of $27.32 and a 12 month high of $40.35.
The company also recently announced a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, September 1st.
About Suncor Energy
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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