Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target lifted by equities researchers at Royal Bank of Canada from C$51.00 to C$53.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 15.77% from the stock’s current price.
SU has been the topic of several other reports. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$44.00 to C$51.00 in a report on Monday, October 16th. TD Securities lowered their price target on shares of Suncor Energy from C$52.00 to C$50.00 and set a “hold” rating on the stock in a report on Thursday. UBS Group upped their target price on Suncor Energy from C$52.50 to C$55.00 in a research note on Friday, October 20th. ATB Capital upped their price objective on Suncor Energy from C$52.00 to C$53.00 in a research report on Friday, October 20th. Finally, National Bank Financial upped their price objective on Suncor Energy from C$57.00 to C$74.00 in a research report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$55.72.
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last announced its quarterly earnings data on Monday, August 14th. The company reported C$0.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.78 by C$0.18. The firm had revenue of C$11.72 billion for the quarter, compared to analyst estimates of C$10.49 billion. Suncor Energy had a net margin of 11.55% and a return on equity of 15.05%. Analysts forecast that Suncor Energy will post 6.6826087 EPS for the current fiscal year.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company in Canada and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products. This segment also engages in syncrude oil sands mining and upgrading operations; and marketing, supply, transportation, and risk management of crude oil, natural gas, power, and byproducts.
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