Royal Bank Of Canada restated their outperform rating on shares of Suncor Energy Inc. (TSE:SU) in a research note released on Friday, StockTargetPrices.com reports. The brokerage currently has a C$42.00 price target on the stock.
A number of other analysts also recently weighed in on SU. JPMorgan Chase & Co. reduced their target price on shares of Suncor Energy from C$41.00 to C$38.00 in a report on Monday, July 11th. Raymond James Financial Inc. reduced their target price on shares of Suncor Energy from C$43.00 to C$42.00 and set an outperform rating on the stock in a report on Wednesday, June 8th. Scotiabank restated an outperform rating and issued a C$37.00 target price on shares of Suncor Energy in a report on Thursday, June 23rd. TD Securities boosted their target price on shares of Suncor Energy from C$39.00 to C$40.00 and gave the stock a buy rating in a report on Thursday, June 23rd. Finally, Morgan Stanley boosted their target price on shares of Suncor Energy from C$40.00 to C$44.00 in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$40.21.
Suncor Energy (TSE:SU) opened at 36.69 on Friday. The company’s market capitalization is $61.07 billion. The company has a 50-day moving average of $35.53 and a 200-day moving average of $35.54. Suncor Energy has a 1-year low of $27.32 and a 1-year high of $40.35.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th were given a $0.29 dividend. The ex-dividend date was Thursday, September 1st. This represents a $1.16 annualized dividend and a yield of 3.16%.
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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