21:54:01 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Suncor Energy Inc
Symbol SU
Shares Issued 1,298,074,234
Close 2023-11-10 C$ 45.78
Market Cap C$ 59,425,838,433
Recent Sedar Documents

Globe says TD's Hulshof keeps Suncor Energy at "hold"

2023-11-10 08:26 ET - In the News

The Globe and Mail reports in its Friday, Nov. 10, edition that TD Securities analyst Menno Hulshof is keeping his "hold" ranking on Suncor Energy intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hulshof trimmed his share target by $2 to $50. Analysts on average target the shares at $54.47. Mr. Hulshof says in a note: "There were clear signs of operational improvement and momentum in the quarter. We hope to see this extend through year-end (note only minimal downstream turnarounds planned for Q4/23), and into 2024. Should Suncor deliver, the Street should begin to factor in the upside associated with ongoing improvements and its push for greater clarity, simplicity, and focus across business lines." The Globe reported on Aug. 6, 2022, that Mr. Hulshof had reaffirmed his "buy" recommendation for Suncor Energy. It was then worth $39.08. The Globe reported on Sept. 29, 2023, that Mr. Hulshof had downgraded Suncor to "hold." It was then $46.71. The Globe reported on Oct. 13, 2023, that National Bank Financial analysts Travis Wood and Dan Payne had reaffirmed their "outperform" recommendation for Suncor. The shares could then be had for $46.39.

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