Suncor Energy Inc. (SU) Price Target Raised to C$53.00 at CIBC

Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its target price boosted by research analysts at CIBC from C$50.00 to C$53.00 in a research note issued to investors on Tuesday, October 17th. CIBC’s price objective would indicate a potential upside of 22.40% from the stock’s previous close.

A number of other equities research analysts have also recently commented on SU. Barclays PLC increased their price target on shares of Suncor Energy from C$47.00 to C$49.00 in a report on Tuesday, October 10th. J P Morgan Chase & Co increased their price objective on shares of Suncor Energy from C$39.00 to C$42.00 in a research report on Thursday, September 14th. TD Securities lowered their price objective on shares of Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. National Bank Financial decreased their price target on shares of Suncor Energy from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Finally, AltaCorp Capital downgraded shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and a consensus price target of C$49.17.



Suncor Energy (SU) opened at 43.30 on Tuesday. The company has a market cap of $71.85 billion and a P/E ratio of 26.79. Suncor Energy has a 52-week low of $36.09 and a 52-week high of $44.90. The company’s 50 day moving average price is $42.15 and its 200 day moving average price is $40.86.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, July 26th. The company reported C$0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.11). The business had revenue of C$7.26 billion during the quarter, compared to analysts’ expectations of C$7.41 billion. Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. Equities research analysts anticipate that Suncor Energy will post $1.37 EPS for the current fiscal year.

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In related news, insider Steven Walter Williams bought 1,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of C$39.39 per share, with a total value of C$39,390.00. Also, Director Jacynthe Cote acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were acquired at an average price of C$41.78 per share, with a total value of C$83,560.00.

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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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