Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by Barclays from C$50.00 to C$52.00 in a report released on Friday morning.

Several other equities analysts have also recently commented on SU. TD Securities upgraded shares of Suncor Energy from a hold rating to a buy rating and set a C$52.00 target price for the company in a research report on Friday. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$49.00 to C$52.00 in a research report on Friday. GMP Securities boosted their target price on shares of Suncor Energy from C$42.00 to C$43.00 in a research report on Thursday, November 16th. BMO Capital Markets boosted their target price on shares of Suncor Energy from C$50.00 to C$52.00 in a research report on Thursday, November 16th. Finally, CIBC boosted their target price on shares of Suncor Energy from C$53.00 to C$55.00 in a research report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$51.54.

Shares of Suncor Energy (SU) opened at C$42.38 on Friday. Suncor Energy has a 12 month low of C$36.09 and a 12 month high of C$47.69. The firm has a market cap of $69,800.00, a PE ratio of 19.62 and a beta of 0.40.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 5th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.40%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, March 2nd. Suncor Energy’s dividend payout ratio is currently 57.87%.

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Suncor Energy Company Profile

Suncor Energy Inc is a Canada-based integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Analyst Recommendations for Suncor Energy (TSE:SU)

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