Raymond James Thinks Suncor Energy Inc’s Stock is Going to Recover


According to The Fly, in a report released yesterday, Chris Cox from Raymond James reiterated a Buy rating on Suncor Energy Inc (SU). The company’s shares opened today at $30.88, close to its 52-week low of $30.35.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.6% and a 45.6% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.

Currently, the analyst consensus on Suncor Energy Inc is a Strong Buy with an average price target of $46, representing a 49.0% upside. In a report issued on November 28, Mizuho Securities also reiterated a Buy rating on the stock.

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The company has a one-year high of $42.55 and a one-year low of $30.35. Currently, Suncor Energy Inc has an average volume of 4.37M.

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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.

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