Suncor Energy (TSE:SU) Given New C$76.00 Price Target at National Bankshares

Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by investment analysts at National Bankshares from C$73.00 to C$76.00 in a research report issued on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 33.33% from the company’s previous close.

A number of other brokerages have also recently weighed in on SU. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a report on Wednesday, August 7th. Royal Bank of Canada upped their price objective on Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday. Scotiabank lifted their target price on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. Desjardins upped their price target on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Performance

Shares of Suncor Energy stock opened at C$57.00 on Thursday. The stock has a market capitalization of C$72.39 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth 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. The business has a 50-day moving average of C$52.61 and a 200 day moving average of C$53.10. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.50.

Insider Buying and Selling

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Corporate insiders own 0.01% of the company’s stock.

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.