Royal Bank Of Canada Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by equities researchers at Royal Bank Of Canada from C$75.00 to C$89.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective would suggest a potential downside of 2.97% from the company’s previous close.

Several other equities analysts also recently commented on SU. Scotiabank upped their price target on shares of Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday. Canadian Imperial Bank of Commerce lifted their price objective on shares of Suncor Energy from C$70.00 to C$88.00 in a research note on Monday, March 2nd. Raymond James Financial boosted their price objective on shares of Suncor Energy from C$76.00 to C$93.00 in a report on Monday. Jefferies Financial Group increased their target price on shares of Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Finally, Desjardins raised their target price on shares of Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.14.

Suncor Energy Stock Performance

SU opened at C$91.72 on Wednesday. The business has a fifty day simple moving average of C$79.17 and a 200 day simple moving average of C$66.71. The company has a market capitalization of C$108.86 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy has a 1 year low of C$43.59 and a 1 year high of C$94.34. 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 issued its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The firm 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%. Research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy News Summary

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

• Positive Sentiment: BMO Capital Markets raised its price target to C$100 (large upside relative to prior target), signaling stronger earnings/cash‑flow expectations. BayStreet.CA
• Positive Sentiment: Wells Fargo lifted its target to C$97, another materially higher valuation that supports further upside. BayStreet.CA
• Positive Sentiment: TD Securities bumped its target to C$91 and moved to a “buy” rating — an endorsement that likely boosted buying interest. BayStreet.CA
• Positive Sentiment: ATB Cormark upgraded Suncor from “hold” to “moderate buy”, adding to the cluster of positive analyst moves. Zacks.com
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$92, providing modest incremental upside support. BayStreet.CA
• Positive Sentiment: Analysts at Raymond James and National Bank Financial publicly said the stock is expected to rise, reinforcing bullish sentiment among investors. Raymond James: Stock Price Expected to Rise National Bank Financial: Stock Price Expected to Rise
• Positive Sentiment: Market note: Suncor reached a new 52‑week high following analyst upgrades, which tends to attract momentum flows. 52‑Week High Article
• Positive Sentiment: Operationally, Suncor outlined an increased production plan — a near‑term growth signal that supports higher cash generation. The Daily Chase: Suncor’s increased production plan
• Neutral Sentiment: Suncor is shifting more investment to in-situ production as a base plant mine runs dry — this is a strategic pivot that preserves volumes but may require capital and time. WealthProfessional: Suncor doubles down on in situ
• Negative Sentiment: Scotiabank’s new target of C$85, while higher than its prior target, still implies downside versus the current price — a more conservative view that could cap upside for some investors. BayStreet.CA
• Negative Sentiment: Royal Bank of Canada raised its target to C$89 but it remains slightly below the current trading level, reflecting a cautious stance that could limit buying from more conservative funds. BayStreet.CA

About Suncor Energy

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.