Scotiabank Believes Suncor Energy (TSX: SU) Won’t Stop Here

By Austin Angelo

Wall Street analyst has provided a review for the Materials company on May 15, but retained the same rating on the stock. Suncor Energy (TSX: SU) received a Buy on May 15 from Scotiabank’s analyst Jason Bouvier, with a C$47 price target.

Bouvier has an average return of 18.3% when recommending Suncor Energy.

According to TipRanks.com, Bouvier is ranked #1155 out of 4572 analysts.

Suncor Energy has an analyst consensus of Strong Buy, with a price target consensus of C$49.31.

Suncor Energy’s market cap is currently C$73.2B and has a P/E ratio of 47.7.

Suncor Energy, Inc. is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing. It operates through the following segments: Oil Sands, Exploration & Production and Refining & Marketing. The Oil Sands segment refers to the operations in the Athabasca oil sands in Alberta to develop and produce synthetic crude oil and related products through the recovery and upgrading of bitumen from mining and in situ operations. The Exploration and Production segment includes offshore activity in East Coast Canada the exploration and production of crude oil and natural gas in the United Kingdom, Norway, Libya, and Syria, and exploration and production of natural gas and natural gas liquids in Western Canada. The Refining and Marketing segment is the refining of crude oil products, and the distribution and marketing of these and other purchased products through retail stations located in Canada and the United State, as well as a lubricants plant located in Eastern Canada. The company was founded on August 1, 2009 and is headquartered in Calgary, Canada.

The company’s shares closed last Tuesday at $43.43, close to its 52-week high of $44.90.