Suncor Energy (TSE:SU) Price Target Lowered to C$61.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by equities researchers at TD Securities from C$63.00 to C$61.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 13.40% from the company’s previous close.

SU has been the topic of several other research reports. JPMorgan Chase & Co. lifted their target price on Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Desjardins cut their price objective on Suncor Energy from C$68.50 to C$65.00 and set a “buy” rating on the stock in a research report on Wednesday. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada dropped their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$62.96.

Suncor Energy Stock Up 0.2 %

Shares of TSE SU traded up C$0.10 during midday trading on Thursday, hitting C$53.79. 1,809,604 shares of the stock traded hands, compared to its average volume of 8,694,566. The company has a market cap of C$67.47 billion, a PE ratio of 8.49, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$48.41 and a one year high of C$58.58. The business has a 50 day moving average price of C$54.95 and a two-hundred day moving average price of C$53.77. 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.