Suncor Energy Inc. (TSE:SU) Stock Rating Reaffirmed by National Bank Financial

National Bank Financial reiterated their outperfrom under weight rating on shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) in a research report released on Monday, June 26th.

Other equities research analysts also recently issued research reports about the stock. TD Securities restated a buy rating and issued a C$49.00 price objective on shares of Suncor Energy in a research note on Friday, April 28th. Royal Bank Of Canada raised their target price on Suncor Energy from C$49.00 to C$50.00 and gave the stock an outperform rating in a research report on Friday, April 28th. Scotiabank reissued an outperform rating and set a C$47.00 price objective on shares of Suncor Energy in a report on Friday, April 28th. Canaccord Genuity reissued a buy rating and set a C$52.00 price objective on shares of Suncor Energy in a report on Thursday, March 9th. Finally, BMO Capital Markets reissued an outperform rating and set a C$52.00 price objective on shares of Suncor Energy in a report on Friday, April 28th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Suncor Energy presently has a consensus rating of Buy and a consensus target price of C$49.25.

Shares of Suncor Energy (TSE SU) opened at 37.55 on Monday. Suncor Energy has a 52 week low of $33.76 and a 52 week high of $44.90. The stock has a market cap of $62.68 billion and a PE ratio of 40.29. The company’s 50-day moving average is $41.07 and its 200 day moving average is $41.76.

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The company also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 5th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Thursday, June 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.

Analyst Recommendations for Suncor Energy (TSE:SU)

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