Suncor Energy (SU) has received a rating update from a Wall Street analyst today. Analyst Chris Cox from Raymond James remains bullish on the stock and has a C$60 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -0.1% and a 50.0% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
Suncor Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$55.38, implying a 28.4% upside from current levels. In a report issued on April 17, Mizuho Securities also reiterated a Buy rating on the stock with a C$53 price target.
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Suncor Energy’s market cap is currently C$69.32B and has a P/E ratio of 21.7. The company has a Price to Book ratio of 1.58.
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 Thursday at C$43.14.
