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Suncor Energy (SU) Stock Forecast & Price Target

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C$55.60
+1.03 (+1.89%)
(As of 05/31/2024 ET)
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Suncor Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 13 Analyst Ratings

Consensus Price Target

C$61.61
10.80% Upside
High ForecastC$79.00
Average ForecastC$61.61
Low ForecastC$51.00
TypeCurrent Forecast
6/3/23 to 6/2/24		1 Month Ago
5/4/23 to 5/3/24		3 Months Ago
3/5/23 to 3/4/24		1 Year Ago
6/3/22 to 6/3/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
Hold
8 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$61.61C$57.62C$53.40C$53.50
Forecasted Upside10.80% Upside18.89% Upside20.82% Upside27.88% Upside
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SU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Suncor Energy Stock vs. The Competition

TypeSuncor EnergyEnergy Companies
Consensus Rating Score
2.38
2.66
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Neutral News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/29/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Mccrea
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set TargetMarket PerformC$51.00-5.76%
5/22/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperformC$60.00 ➝ C$65.00+17.05%
5/22/2024Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$54.00 ➝ C$56.00+0.85%
5/22/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector PerformC$54.00 ➝ C$61.00+9.85%
5/22/2024ATB Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetSector PerformC$53.00 ➝ C$57.50+3.55%
5/22/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket PerformC$60.00 ➝ C$62.00+11.65%
5/22/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweightC$61.00 ➝ C$66.00+18.85%
5/22/2024National Bankshares
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperformC$75.00 ➝ C$79.00+42.27%
5/22/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$54.00 ➝ C$62.00+11.65%
5/22/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHoldC$52.00 ➝ C$57.00+2.65%
4/22/2024CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperformC$60.00 ➝ C$65.00+21.04%
12/8/2023JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutralC$59.00 ➝ C$52.00+24.85%
10/20/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$52.50 ➝ C$55.00+17.57%
10/12/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetC$57.00 ➝ C$74.00+61.29%
4/6/2023CSFB
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$60.00 ➝ C$56.00+31.15%
3/27/2023Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$61.00 ➝ C$58.00+45.77%
2/22/2023Eight Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ NeutralC$43.00 ➝ C$50.00+11.53%
11/21/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetC$60.00+27.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:14 AM ET.

SU Frequently Asked Questions

What is Suncor Energy's stock forecast and purchase recommendation?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is C$61.61, with a high forecast of C$79.00 and a low forecast of C$51.00. The consensus rating for Suncor Energy stock is Hold based on the current 8 hold ratings and 5 buy ratings for SU. Learn more on SU's analyst rating history.

Do Wall Street analysts like Suncor Energy more than its competitors?

Analysts like Suncor Energy less than other "energy" companies. The consensus rating for Suncor Energy is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how SU compares to other companies.

Is Suncor Energy being upgraded by Wall Street analysts?

Over the previous 90 days, Suncor Energy's stock had 1 upgrade by analysts.

Does Suncor Energy's stock price have much upside?

According to analysts, Suncor Energy's stock has a predicted upside of 16.29% based on their 12-month stock forecasts.

What analysts cover Suncor Energy?

Suncor Energy has been rated by research analysts at ATB Capital, BMO Capital Markets, CIBC, Desjardins, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, and Wells Fargo & Company in the past 90 days.


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This page (TSE:SU) was last updated on 6/2/2024 by MarketBeat.com Staff

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