Brokerage Firm Rating Update on Suncor Energy (SU)

Suncor Energy (SU) : 12 analysts are covering Suncor Energy (SU) and their average rating on the stock is 1.83, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Suncor Energy (SU) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Suncor Energy (SU) : The highest short term price target forecast on Suncor Energy (SU) is $36 and the lowest target price is $24. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $31.37 with a standard deviation of $3.38.


For the current week, the company shares have a recommendation consensus of Buy. Also, Bank of America initiates coverage on Suncor Energy (NYSE:SU). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 19, 2016.

Suncor Energy (NYSE:SU): stock was range-bound between the intraday low of $27.27 and the intraday high of $27.68 after having opened at $27.59 on Wednesdays session. The stock finally closed in the red at $27.59, a loss of -0.58%. The stock remained in the red for the whole trading day. The total traded volume was 4,072,306 shares. The stock failed to cross $27.68 in Wednesdays trading. The stocks closing price on Thursday was $27.52.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production, and Refining and Marketing. The Companys Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations. Its Exploration and Production segment consists of offshore operations off the east coast of Canada and in the North Sea, and onshore assets in North America, Libya and Syria. The Companys Refining and Marketing segment is engaged in Refining and Supply, and Downstream Marketing. In addition, the Company explores, for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. The Company also transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada.

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