Suncor Energy (TSE:SU) Rating Increased to Moderate Buy at Desjardins

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by stock analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

SU has been the topic of several other reports. Scotiabank lifted their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. National Bankshares increased their price objective on Suncor Energy from C$73.00 to C$76.00 in a research note on Thursday. TD Securities lifted their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Finally, Jefferies Financial Group dropped their target price on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Five 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Performance

SU opened at C$56.84 on Thursday. The firm’s fifty day simple moving average is C$52.52 and its two-hundred day simple moving average is C$53.07. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The company has a market cap of C$72.19 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Insider Activity

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 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.