Royal Bank of Canada Increases Suncor Energy (TSE:SU) Price Target to C$66.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by Royal Bank of Canada from C$64.00 to C$66.00 in a research report report published on Thursday morning,BayStreet.CA reports.

SU has been the topic of a number of other research reports. Raymond James set a C$52.00 price objective on shares of Suncor Energy in a report on Tuesday, October 15th. Jefferies Financial Group decreased their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Scotiabank raised their price objective on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. National Bankshares decreased their target price on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Finally, Desjardins upped their target price on Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Trading Up 0.3 %

Shares of SU stock opened at C$57.00 on Thursday. The business’s fifty day moving average price is C$52.72 and its 200 day moving average price is C$53.12. The firm has a market capitalization of C$72.39 billion, a PE ratio of 9.79, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.50.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.82%. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.