TD Securities upgraded shares of Suncor Energy (TSE:SU) (NYSE:SU) from a hold rating to a buy rating in a research report sent to investors on Friday morning. TD Securities currently has C$52.00 target price on the stock.

Other research analysts have also issued research reports about the company. CIBC increased their target price on Suncor Energy from C$53.00 to C$55.00 in a research report on Thursday, November 16th. Royal Bank of Canada increased their target price on Suncor Energy from C$47.00 to C$48.00 in a research report on Thursday, November 16th. BMO Capital Markets increased their target price on Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. GMP Securities increased their target price on Suncor Energy from C$42.00 to C$43.00 in a research report on Thursday, November 16th. Finally, Barclays increased their target price on Suncor Energy from C$49.00 to C$50.00 in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$51.54.

Suncor Energy (TSE:SU) opened at C$42.06 on Friday. Suncor Energy has a 52-week low of C$36.09 and a 52-week high of C$47.69. The stock has a market capitalization of $69,030.00, a P/E ratio of 19.47 and a beta of 0.40.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 5th will be issued a $0.36 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 3.42%. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.32. Suncor Energy’s dividend payout ratio (DPR) is presently 57.87%.

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About Suncor Energy

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)

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