Suncor Energy (TSE:SU) Price Target Raised to C$61.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by research analysts at JPMorgan Chase & Co. from C$59.00 to C$61.00 in a research note issued to investors on Friday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 16.52% from the stock’s previous close.

Several other equities research analysts have also commented on SU. UBS Group boosted their price objective on Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. National Bankshares upped their price objective on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday. Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Finally, Gerdes Energy Research set a C$69.00 price target on Suncor Energy and gave the stock a “buy” rating in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$62.75.

Suncor Energy Price Performance

Shares of Suncor Energy stock traded down C$0.57 on Friday, hitting C$52.35. The company’s stock had a trading volume of 823,231 shares, compared to its average volume of 8,218,183. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 1 year low of C$41.30 and a 1 year high of C$58.28. The firm has a fifty day moving average price of C$54.65 and a 200-day moving average price of C$53.37. The company has a market capitalization of C$66.48 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total transaction of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction that occurred 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. 0.01% of the stock is currently owned by corporate insiders.

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.