Suncor Energy Inc. (TSE:SU) Given Average Recommendation of “Buy” by Analysts

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Suncor Energy Inc. (TSE:SU) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the firm. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$40.86.
Several brokerages have recently weighed in on SU. JPMorgan Chase & Co. increased their target price on shares of Suncor Energy from C$39.00 to C$40.00 in a research note on Monday, September 12th. Scotiabank restated an “outperform” rating and issued a C$38.00 price target on shares of Suncor Energy in a report on Friday, July 29th. TD Securities restated a “buy” rating and issued a C$41.00 price target on shares of Suncor Energy in a report on Thursday, July 28th. Royal Bank Of Canada restated an “outperform” rating and issued a C$51.00 price target on shares of Suncor Energy in a report on Thursday, June 23rd. Finally, Morgan Stanley upped their price target on shares of Suncor Energy from C$40.00 to C$44.00 in a report on Monday, June 13th.
Shares of Suncor Energy (TSE:SU) traded down 0.81% on Tuesday, reaching $34.22. 1,424,547 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $35.61 and a 200-day moving average price of $35.51. The company’s market cap is $56.96 billion. Suncor Energy has a 12-month low of $27.32 and a 12-month high of $40.35.

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The company also recently declared a quarterly dividend, which will be paid on Monday, September 26th. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is 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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