Scotiabank Trims Suncor Energy (TSE:SU) Target Price to C$60.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by Scotiabank from C$61.00 to C$60.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 14.48% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on SU. Raymond James set a C$51.00 target price on shares of Suncor Energy and gave the stock a “market perform” rating in a report on Wednesday, May 29th. National Bankshares lifted their price target on shares of Suncor Energy from C$75.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Desjardins lifted their price target on shares of Suncor Energy from C$54.00 to C$56.00 and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. BMO Capital Markets lifted their price target on shares of Suncor Energy from C$60.00 to C$62.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$61.54.

Suncor Energy Stock Up 0.6 %

Shares of SU traded up C$0.31 on Friday, hitting C$52.41. 675,292 shares of the stock traded hands, compared to its average volume of 8,154,930. The company has a market capitalization of C$67.08 billion, a PE ratio of 8.63, a P/E/G ratio of 0.15 and a beta of 1.50. The company has a debt-to-equity ratio of 36.00, a quick ratio of 0.83 and a current ratio of 1.51. The business has a 50 day simple moving average of C$52.88 and a 200 day simple moving average of C$49.08. Suncor Energy has a one year low of C$37.86 and a one year high of C$56.69.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, May 7th. The company reported C$1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.23 by C$0.18. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. The company had revenue of C$12.53 billion for the quarter, compared to analysts’ expectations of C$11.81 billion. As a group, equities analysts forecast that Suncor Energy will post 5.7081192 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Kristopher Peter Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$51.66, for a total transaction of C$5,165,900.00. 0.01% of the stock is currently owned by company insiders.

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.