Analyst Coverage Change
In a research report released on Thursday June 29th, National Bank Financial (Analyst Rank #18) lowered the 12 month target forecast on Suncor Energy to $57 from $60 per share. The analyst reiterated their “Outperform” rating on the company.
SU Stock Forecast & Analysis
Suncor Energy Inc, a leading Canadian integrated energy company, has attracted the attention of analysts who have provided a stock forecast for the company’s future performance. Based on the predictions of 17 analysts, the average target price for Suncor Energy Inc over the next 12 months is estimated to be CAD 50.86. This suggests a potential upside for investors who are considering the company’s stock.
The analysts’ rating for Suncor Energy Inc is generally positive, with the average analyst rating classified as “Buy.” This indicates that analysts view the stock as an attractive investment opportunity. Stock Target Advisor, analysis of Suncor Energy Inc and classified it as “Bullish.” This bullish sentiment is based on 15 positive signals and 3 negative signals, indicating a generally positive outlook for the company’s future performance.
At the last closing, Suncor Energy Inc’s stock price was recorded at CAD 38.47. It’s worth noting that the stock price has experienced some fluctuations in recent periods. Over the past week, the stock price has changed by -1.36%, showing a slight decline. Similarly, over the past month, it has decreased by -1.00%. However, when considering a longer timeframe, the stock price has faced a more significant decline of -18.37% over the last year.
Investors and analysts closely monitor stock price movements to assess the performance and potential of a company. The recent decline in Suncor Energy Inc’s stock price may be a cause for concern for some investors. However, it is important to consider the broader market conditions and industry-specific factors that can influence stock performance. Market volatility, global energy trends, and company-specific developments are some of the factors that could contribute to fluctuations in Suncor Energy Inc’s stock price.
