New Buy Rating for Suncor Energy (SU), the Energy Giant


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Suncor Energy (SU) received a Buy rating from Canaccord Genuity’s analyst Anthony Petrucci, with a C$60 price target.

According to TipRanks.com, Petrucci ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -21.3% and a 18.4% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Frontera Energy Corporation, Tamarack Valley Energy Ltd, and Athabasca Oil Corporation.

Currently, the analyst consensus on Suncor Energy is a Strong Buy with an average price target of C$54.45.

The company has a one-year high of C$55.47 and a one-year low of C$35.53. Currently, Suncor Energy has an average volume of 4.33M.

Suncor Energy, Inc. is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing.

The company’s shares closed on Monday at C$44.35.

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