Suncor Energy Inc (NYSE: SU) shares have surpassed the average analyst 12-month target price of $48.86, currently trading at $49.59 as of recent market activity. This movement prompts analysts to reconsider their target prices, either downgrading on valuation or adjusting to higher levels due to positive business developments. There are 18 analysts contributing to Suncor’s average, with targets ranging from $41.04 to $54.75 and a standard deviation of $3.776.
Recent analyst ratings indicate a strong sentiment, with 8 strong buy, 3 buy, 7 hold, and no sell or strong sell ratings. The average rating stands at 1.94, reflecting positive outlook trends compared to earlier months. The number of strong buy ratings has increased from 7 a month ago to 8 currently, indicating growing investor confidence in Suncor’s performance.
