Today, an analyst has provided a rating update for the Materials sector company, Suncor Energy (SU). Mizuho Securities’ analyst Paul Sankey reiterates their Buy rating on the shares, with a C$52 price target.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -2.1% and a 48.6% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Continental Resources, California Resources, and Occidental Petroleum.
Suncor Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$54.25.
Suncor Energy’s market cap is currently C$70.48B and has a P/E ratio of 21.8. The company has a Price to Book ratio of 1.60.
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$44.48.
