Suncor Energy (TSE:SU) (NYSE:SU) had its price target raised by National Bankshares from C$29.00 to C$33.00 in a report released on Friday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 17.35% from the stock’s previous close.
Other analysts have also issued reports about the stock. Credit Suisse Group reissued an “outperform” rating and set a C$35.00 price target on shares of Suncor Energy in a research report on Monday, February 22nd. National Bank Financial decreased their price target on shares of Suncor Energy to C$29.00 and set a “sector perform” rating for the company in a research report on Thursday, April 15th. CSFB set a C$35.00 price objective on shares of Suncor Energy and gave the company an “outperform” rating in a report on Monday, February 22nd. Citigroup upped their price objective on shares of Suncor Energy from C$16.00 to C$26.00 in a report on Friday, January 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a C$25.00 price objective on shares of Suncor Energy in a report on Thursday, April 15th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of C$30.36.
SU stock opened at C$28.12 on Friday. The firm has a market cap of C$42.36 billion and a price-to-earnings ratio of 1,562.22. The firm has a 50-day simple moving average of C$26.62 and a two-hundred day simple moving average of C$23.59. Suncor Energy has a one year low of C$14.28 and a one year high of C$29.55. The company has a debt-to-equity ratio of 56.69, a quick ratio of 0.64 and a current ratio of 1.09.
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
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