A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. TD Securities’ analyst Menno Hulshof reiterates their Buy rating on the shares of Suncor Energy (SU), with a C$59 price target.
According to TipRanks.com, Hulshof has currently no stars on a ranking scale of 0-5 stars, with an average return of -17.0% and a 22.1% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Athabasca Oil Corporation, and Continental Resources.
Currently, the analyst consensus on Suncor Energy is a Strong Buy with an average price target of C$58.89, representing a 49.2% upside. In a report released today, Raymond James 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$39.49, close to its 52-week low of C$39.28.
