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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by equities researchers at UBS Group from C$61.00 to C$65.00 in a research note issued to investors on Monday,BayStreet.CA reports. UBS Group’s target price points to a potential upside of 13.42% from the stock’s current price.

SU has been the topic of a number of other reports. Scotiabank upped their target price on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research report on Wednesday, August 7th. National Bankshares upped their price target on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday. Royal Bank of Canada upped their price target on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. Finally, Desjardins upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$61.81.

Suncor Energy Stock Up 0.5 %

Shares of TSE:SU traded up C$0.31 during 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 has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.69. The stock has a fifty day moving average of C$52.72 and a two-hundred day moving average of C$53.12. The firm has a market cap of C$72.78 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Corporate insiders own 0.01% of the company’s stock.

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.