Suncor Energy receives Moderate Buy rating from analysts

Suncor Energy Inc. has received a consensus rating of “Moderate Buy” from thirteen brokerages. Analyst recommendations include eight buys, four holds, and one strong buy. Recent individual actions include Scotiabank upgrading the stock to a “strong-buy” rating, while firms such as TD, Raymond James Financial, Desjardins, and JPMorgan Chase & Co. have issued buy ratings or increased their price targets.

In terms of institutional activity, Great Lakes Advisors LLC established a new position in the oil and gas producer during the second quarter, purchasing 360,110 shares valued at approximately $19.33 million. Other major investors have also adjusted their holdings, including Intact Investment Management Inc., Vanguard Group Inc., Harvest Portfolios Group Inc., Dimensional Fund Advisors LP, and the Public Employees Retirement System of Ohio.