Suncor Energy Inc. (TSE:SU)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a research note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$42.00 price objective on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 15.80% from the company’s previous close.
A number of other brokerages also recently commented on SU. JPMorgan Chase & Co. increased their price target on Suncor Energy from C$39.00 to C$40.00 in a report on Monday, September 12th. Raymond James Financial Inc. set a C$43.00 price target on Suncor Energy in a report on Monday, June 6th. Scotiabank reissued an “outperform” rating and issued a C$37.00 price target on shares of Suncor Energy in a report on Thursday, June 23rd. Morgan Stanley increased their price target on Suncor Energy from C$40.00 to C$44.00 in a report on Monday, June 13th. Finally, TD Securities increased their price target on Suncor Energy from C$39.00 to C$40.00 and gave the company a “buy” rating in a 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 given a buy rating to the stock. Suncor Energy has an average rating of “Buy” and a consensus price target of C$40.21.
Suncor Energy (TSE:SU) opened at 36.27 on Friday. The stock’s market cap is $60.37 billion. Suncor Energy has a 52 week low of $27.32 and a 52 week high of $40.35. The stock has a 50 day moving average price of $35.54 and a 200 day moving average price of $35.53.
The business also recently declared a quarterly dividend, which was paid on Monday, September 26th. Stockholders of record on Tuesday, September 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 1st.
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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