Suncor Energy (TSE:SU) PT Raised to C$62.00

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) had its price target lifted by equities researchers at BMO Capital Markets from C$60.00 to C$62.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 12.42% from the stock’s current price.

Several other analysts have also commented on SU. National Bankshares lifted their price target on shares of Suncor Energy from C$75.00 to C$79.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on Suncor Energy from C$58.00 to C$60.00 in a research note on Thursday, May 9th. Desjardins raised their price objective on Suncor Energy from C$48.50 to C$54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their target price on shares of Suncor Energy from C$54.00 to C$62.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, CIBC lifted their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$62.42.

Read Our Latest Stock Analysis on Suncor Energy

Suncor Energy Stock Down 0.5 %

Shares of TSE:SU opened at C$55.15 on Wednesday. The business has a fifty day moving average of C$52.38 and a two-hundred day moving average of C$47.00. The company has a quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00. The stock has a market cap of C$70.59 billion, a P/E ratio of 9.13, a PEG ratio of 0.15 and a beta of 1.50. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$56.69.

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. The company had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. On average, research analysts expect that Suncor Energy will post 4.9972527 earnings per share for the current year.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Corporate insiders own 0.01% of the company’s stock.

About Suncor Energy

(Get Free Report)

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.

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