Suncor Energy (TSE:SU) Given New C$59.00 Price Target at Jefferies Financial Group

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by investment analysts at Jefferies Financial Group from C$58.00 to C$59.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 5.51% from the company’s current price.

SU has been the topic of a number of other research reports. Raymond James increased their price objective on shares of Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. National Bankshares increased their target price on Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Finally, Gerdes Energy Research set a C$69.00 target price on shares of Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$62.61.

Suncor Energy Trading Down 0.5 %

Shares of TSE:SU traded down C$0.27 during midday trading on Monday, reaching C$55.92. The company’s stock had a trading volume of 1,339,807 shares, compared to its average volume of 6,304,756. The firm has a 50 day moving average price of C$54.49 and a two-hundred day moving average price of C$53.98. Suncor Energy has a fifty-two week low of C$45.12 and a fifty-two week high of C$58.58. The firm has a market capitalization of C$70.14 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.