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Suncor Energy Inc. (TSE:SU) target price raised to $50.00, reported today by Raymond James

Stating a potential upside of 0.20%, Raymond James bumped up the target of Suncor Energy Inc. (TSE:SU) to $50.00

Previously on Wednesday January 25, 2017, CIBC World Markets released a statement about Suncor Energy Inc. (TSE:SU) increased the target price from $45.00 to $50.00. At the time, this indicated a possible upside of 0.18%.

Just yesterday Suncor Energy Inc. (TSE:SU) traded 0.12% higher at $41.62. Suncor Energy Inc.’s 50-day moving average is $42.34 and its 200-day moving average is $39.31. The last stock price is up 5.63% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 2,905,161 shares of SU traded hands, up from an average trading volume of 2,760,630

Recent Performance Chart

Suncor Energy Inc. (TSE:SU)

Suncor Energy Inc. has 52 week low of $30.22 and a 52 week high of $44.90 and has a market capitalization of $0.

In addition to Raymond James reporting its stock price target, a total of 23 brokerages have issued a ratings update on the company. The average stock price target is $34.83 with 2 brokerages rating the stock a strong buy, 16 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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