Suncor Energy (TSE:SU) Stock Rating Upgraded by Scotiabank

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by investment analysts at Scotiabank to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Wells Fargo & Company dropped their price objective on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Gerdes Energy Research set a C$69.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a research report on Monday, November 25th. TD Securities decreased their price objective on shares of Suncor Energy from C$63.00 to C$61.00 and set a “buy” rating on the stock in a research report on Thursday. Tudor Pickering upgraded shares of Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Raymond James raised their target price on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Friday, February 7th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.96.

Suncor Energy Trading Down 0.5 %

Shares of SU stock opened at C$53.72 on Wednesday. The business has a 50-day moving average of C$54.86 and a 200 day moving average of C$53.76. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$48.41 and a 1-year high of C$58.58. The stock has a market capitalization of C$67.38 billion, a PE ratio of 8.48, a P/E/G ratio of 0.15 and a beta of 1.47.

About Suncor Energy

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.