Free Trial

Suncor Energy (SU) Stock Forecast & Price Target

C$52.48
-0.83 (-1.56%)
(As of 07/23/2024 ET)

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

Based on 13 Wall Street analysts who have issued ratings for Suncor Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 8 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for SU.

Consensus Price Target

C$61.75
17.66% Upside
High ForecastC$79.00
Average ForecastC$61.75
Low ForecastC$51.00

According to the 13 analysts' twelve-month price targets for Suncor Energy, the average price target is C$61.75. The highest price target for SU is C$79.00, while the lowest price target for SU is C$51.00. The average price target represents a forecasted upside of 17.66% from the current price of C$52.48.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$61.75C$61.61C$57.62C$52.07
Forecasted Upside17.66% Upside16.29% Upside18.89% Upside26.59% Upside
Get Suncor Energy Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for SU and its competitors with MarketBeat's FREE daily newsletter.

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Suncor Energy Stock vs. The Competition

TypeSuncor EnergyEnergy Companies
Consensus Rating Score
2.46
2.71
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/23/2024Desjardins
1 of 5 stars
 Boost TargetHoldC$56.00 ➝ C$59.00+12.53%
7/18/2024Wolfe Research
3 of 5 stars
D. Leggate
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/12/2024Scotiabank
5 of 5 stars
 Lower TargetC$61.00 ➝ C$60.00+14.53%
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%
5/22/2024ATB 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 Tuesday at 11:10 PM ET.

SU Forecast - Frequently Asked Questions

What is Suncor Energy's forecast for 2024?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is C$61.75, with a high forecast of C$79.00 and a low forecast of C$51.00.

Should I buy or sell Suncor Energy stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last twelve months. There are currently 8 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SU, but not buy additional shares or sell existing shares.

Does Suncor Energy's stock price have much upside?

According to analysts, Suncor Energy's stock has a predicted upside of 16.19% based on their 12-month stock forecasts.

Has Suncor Energy been upgraded by Wall Street analysts recently?

Over the previous 90 days, Suncor Energy's stock had 2 upgrades by analysts.

What analysts cover Suncor Energy?
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.


This page (TSE:SU) was last updated on 7/23/2024 by MarketBeat.com Staff

From Our Partners