Suncor Energy (TSE:SU) Price Target Raised to C$58.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by Jefferies Financial Group from C$54.00 to C$58.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 1.59% from the company’s previous close.

A number of other equities analysts have also issued reports on SU. Royal Bank of Canada reduced their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Scotiabank upped their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. Raymond James dropped their target price on Suncor Energy from C$56.00 to C$55.00 in a report on Friday, December 13th. Finally, National Bankshares lowered their price objective on Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$62.11.

Suncor Energy Stock Performance

SU traded down C$0.06 on Tuesday, reaching C$57.09. 1,271,348 shares of the stock were exchanged, compared to its average volume of 5,384,611. The company’s 50-day moving average price is C$54.19 and its 200 day moving average price is C$53.44. 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 firm has a market capitalization of C$72.50 billion, a PE ratio of 9.81, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$41.88 and a fifty-two week high of C$58.58.

Insider Activity at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Company insiders own 0.01% of the company’s stock.

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.