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 Raymond James’ analyst Chris Cox, with a C$59 price target.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -2.1% and a 45.3% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Suncor Energy with a C$58.89 average price target, which is a 49.1% upside from current levels. In a report released today, TD Securities also maintained a Buy rating on the stock with a C$59 price target.
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The company has a one-year high of C$55.47 and a one-year low of C$39.28. Currently, Suncor Energy has an average volume of 4.05M.
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$39.50, close to its 52-week low of C$39.28.
