Suncor Energy (TSE:SU) Price Target Raised to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by UBS Group from C$61.00 to C$65.00 in a note issued to investors on Monday,BayStreet.CA reports. UBS Group’s price objective suggests a potential upside of 13.42% from the company’s previous close.

A number of other analysts have also weighed in on SU. Jefferies Financial Group decreased their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Desjardins raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday. Scotiabank upped their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$61.81.

Suncor Energy Price Performance

Suncor Energy stock traded up C$0.31 during midday trading on Monday, reaching C$57.31. 1,570,694 shares of the stock were exchanged, compared to its average volume of 7,819,055. The company’s fifty day moving average is C$52.72 and its 200-day moving average is C$53.12. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The firm has a market cap of C$72.78 billion, a PE ratio of 9.85, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.69.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Company Profile

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.