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Suncor Energy Inc. (TSE:SU) target price raised to $50.00, issued a report today by Desjardins Securities

Suncor Energy Inc. (TSE:SU) had its target bumped up to $50.00 by Desjardins Securities in an issued report announced 12/01/2016. The upped price target suggests a potential upside of 0.14% based on the company's last stock close price.

Previously on 11/18/2016, BMO Capital Markets reported about Suncor Energy Inc. (TSE:SU) raised the target price from $0.00 to $50.00 that suggested an upside of 0.19%.

Boasting a price of $43.74, Suncor Energy Inc. (TSE:SU) traded 0.82% higher on the day. With the last stock price close up 17.64% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Suncor Energy Inc. has recorded a 50-day average of $40.01 and a two hundred day average of $36.66. Volume of trade was up over the average, with 3,529,500 shares of SU changing hands over the typical 3,001,460

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Suncor Energy Inc. (TSE:SU)

Suncor Energy Inc. has a 52 week low of $27.32 and a 52 week high of $44.29 The company’s market cap is currently $0.

In addition to Desjardins Securities reporting its stock price target, a total of 23 brokers have issued a report on the company. The average stock price target is $33.87 with 2 brokers rating the stock a strong buy, 15 brokers rating the stock a buy, 4 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Suncor Energy Inc. (TSE:SU)

Suncor Energy Inc. (Suncor) is an 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. Its E&P 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 Company's Refining and Marketing segment is engaged in Refining and Supply, and Marketing operations. In addition, it explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally. It transports and refines crude oil, and markets petroleum and petrochemical products primarily in Canada. It markets third-party petroleum products. Suncor also conducts energy trading activities.

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