Scotiabank raises target for Suncor Energy stock to CAD 123.00
Published on 10/27/2026 at 18:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSScotiabank target raised
- Scotiabank raised its Suncor target from CAD 106.00 to CAD 123.00 on October 19, 2026.
- Suncor reported CAD 3.73 billion in net income for the second quarter of 2026.
- Suncor Energy stock costs EUR 69.36 at Lang & Schwarz on October 27, 2026 at 6:20 p.m. CET.
- The stock traded at USD 77.16 on the NYSE on October 27, 2026 at 1:24 p.m. ET.
Suncor Energy (ISIN CA8672241079) has a new CAD 123.00 price target from Scotiabank, up from CAD 106.00 in a report dated October 19, 2026. Markets Insider reported the target change, which places the target 10.39 percent above Suncor's CAD 111.42 Toronto price on October 26, 2026. At 6:20 p.m. CET on October 27, 2026, the stock was trading at EUR 69.36 at Lang & Schwarz.
CAD 3.73 billion net income
Suncor's second-quarter 2026 net income reached CAD 3.73 billion, while its net profit margin was 21.00 percent for the same period. Revenue stood at CAD 17.50 billion, a figure also reported for the quarter ending June 30, 2026. The combination of earnings and the Scotiabank target gives investors two separate measures of the company's current valuation picture.
The 52-week high is USD 80.25
On the NYSE, Suncor traded at USD 77.16 on October 27, 2026 at 1:24 p.m. ET. Its 52-week range was USD 38.72 to USD 80.25 on the same market-data date, leaving the price USD 3.09 below the high. Market capitalization stood at USD 91.1 billion, and the price to earnings ratio was 14.43.
What does the target imply?
The CAD 123.00 target is above the CAD 111.42 Toronto price used for the comparison, but it is below the CAD 145.00 target National Bank Financial set on October 20, 2026. National Bank Financial retained an outperform rating while cutting its target from CAD 146.00, according to MarketBeat. Suncor is scheduled to report its third-quarter 2026 results on November 3, 2026, according to the company investor calendar.
Trading view for investors
The euro quotation gives German investors a dated after-hours indication, while the NYSE price places Suncor in its home-market currency. The two quotations should be read separately because they use different currencies and venues. The next company milestone is the November 3 results date, when production, refining performance and cash returns will provide the next operating reference point.
Suncor Energy was trading at EUR 69.36 at Lang & Schwarz on October 27, 2026 at 6:20 p.m. CET. The Toronto-listed price was USD 77.16 on October 27, 2026 at 1:24 p.m. ET.
The further course of trading is shown by the continuously updated real-time quote of Suncor Energy stock.
Suncor Energy at a glance
- Company: Suncor Energy Inc.
- ISIN: CA8672241079
- Ticker: SU
- Primary exchanges: Toronto Stock Exchange and New York Stock Exchange
- Price Lang & Schwarz as of October 27, 2026, 6:20 p.m. CET: EUR 69.36
- Market capitalization: USD 91.1 billion (as of October 27, 2026)
- 52-week range: USD 38.72-80.25 (as of October 27, 2026)
- Sector / Industry: Energy / Oil and Gas Integrated
Market context: Market report S&P/TSX Composite.
