Quick Insights:
- Canada's Conservative Party aims to expedite major resource project approvals, impacting Suncor Energy.
- Analysts predict up to a 37.12% upside for Suncor Energy's stock price.
- Current market data suggests a slight downside from the GF Value estimate.
Canada's Conservative Party, led by Pierre Poilievre, has promised to accelerate the approval process for significant resource projects, should they win the upcoming election. This includes supporting the extension of Suncor Energy's (SU, Financial) oil sands operation in Alberta, which has encountered delays due to regulatory challenges. Suncor seeks to extend operations at its Base Plant mine, pending ongoing assessments.
Analyst Price Targets and Market Forecast
Currently, nine analysts have provided a one-year price target for Suncor Energy Inc (SU, Financial), projecting an average price of $44.08. The predictions vary with a high estimate of $47.85 and a low estimate of $40.82. This average target indicates a potential upside of 37.12% from the present share price of $32.15. For further details on these estimates, visit the Suncor Energy Inc (SU) Forecast page.
Brokerage Recommendations
The consensus from 10 brokerage firms places Suncor Energy Inc (SU, Financial) with an average recommendation score of 2.4, suggesting an "Outperform" status. This rating system ranges from 1 to 5, where 1 indicates a "Strong Buy" and 5 represents "Sell".
GF Value Estimation
According to GuruFocus, the estimated GF Value for Suncor Energy Inc (SU, Financial) is $31.48 for the next year, indicating a potential downside of 2.07% from its current price of $32.145. The GF Value metric is GuruFocus' assessment of the fair value at which the stock should trade, derived from historical trading multiples, previous business growth, and projected future performance. More comprehensive information is available on the Suncor Energy Inc (SU) Summary page.
