Shares of Suncor Energy Inc. (TSE:SU) (NYSE:SU) have earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$47.67.

SU has been the topic of a number of research analyst reports. CIBC boosted their price target on shares of Suncor Energy from C$45.00 to C$50.00 in a report on Wednesday, January 25th. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$50.00 to C$52.00 in a report on Wednesday, December 21st. Royal Bank of Canada upped their price objective on shares of Suncor Energy from C$47.00 to C$50.00 in a report on Thursday, December 15th. TD Securities reaffirmed a “buy” rating and set a C$52.00 price objective on shares of Suncor Energy in a report on Friday, February 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a C$52.00 price objective on shares of Suncor Energy in a report on Thursday, March 9th.