Suncor Energy (TSE:SU) Given New C$85.00 Price Target at Scotiabank

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by Scotiabank from C$80.00 to C$85.00 in a research report released on Wednesday,BayStreet.CA reports.

A number of other brokerages have also weighed in on SU. National Bank Financial raised their price objective on Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a report on Tuesday. Jefferies Financial Group upped their target price on shares of Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. TD Securities raised their price target on shares of Suncor Energy from C$74.00 to C$81.00 in a research note on Wednesday, February 4th. BMO Capital Markets boosted their price target on shares of Suncor Energy from C$69.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Suncor Energy from C$71.00 to C$95.00 and gave the company a “sector perform” rating in a research note on Friday, March 27th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$87.86.

Suncor Energy Price Performance

Shares of Suncor Energy stock opened at C$90.29 on Wednesday. The business has a 50 day simple moving average of C$78.71 and a two-hundred day simple moving average of C$66.54. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$94.34. The stock has a market capitalization of C$107.17 billion, a P/E ratio of 18.62, a PEG ratio of 0.15 and a beta of 0.75. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. The business had revenue of C$12.04 billion for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. As a group, analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, March 4th. Suncor Energy’s dividend payout ratio is presently 47.63%.

Trending Headlines about Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: BMO Capital Markets raised its price target to C$100, signaling stronger earnings/valuation expectations from a major bank. BMO target raise
• Positive Sentiment: Wells Fargo lifted its target to C$97, another sizable upgrade supporting upside versus recent levels. Wells Fargo target raise TickerReport Item
• Positive Sentiment: TD Securities raised its target to C$91 and now has a “buy” rating — incremental buying support from a large dealer. TD Securities rating
• Positive Sentiment: National Bank Financial bumped its target sharply to C$118 and assigned an “outperform” — the most bullish analyst call and a material upside thesis for investors. National Bank target raise
• Positive Sentiment: Raymond James reiterated/updated a positive view and media coverage notes SU reached a new 52‑week high after analyst upgrades, reflecting strong recent momentum. Raymond James coverage 52-week high note
• Neutral Sentiment: BNN Bloomberg reports Suncor has increased its production plan — positive for long‑term volume but may require capital allocation choices; investors should watch production timing and capex guidance. BNNBloomberg article
• Neutral Sentiment: Industry coverage notes Suncor is “doubling down” on in‑situ thermal projects as output from a base plant/mine runs down — signals a strategic shift that may boost long‑term resource life but could raise near‑term execution and capex risk. WealthProfessional article
• Negative Sentiment: Scotiabank’s new target (C$85) implies downside versus recent trade, which could cap the stock for investors who follow that house. Scotiabank target
• Negative Sentiment: RBC’s target at C$89 sits marginally below recent prices, offering a more cautious signal from another large bank. RBC target

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.