Suncor Energy (TSE:SU) Price Target Raised to C$56.00 at Raymond James

Suncor Energy (TSE:SU) (NYSE:SU) had its target price raised by research analysts at Raymond James from C$52.00 to C$56.00 in a note issued to investors on Thursday,BayStreet.CA reports. Raymond James’ target price points to a potential downside of 1.94% from the stock’s current price.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective on the stock in a research note on Wednesday, August 7th. National Bankshares lowered their price objective on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Royal Bank of Canada raised their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. TD Securities increased their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday. Finally, Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Trading Up 3.1 %

Shares of Suncor Energy stock traded up C$1.71 on Thursday, reaching C$57.11. The company had a trading volume of 2,692,819 shares, compared to its average volume of 7,828,801. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.32. The firm’s 50 day moving average price is C$52.52 and its two-hundred day moving average price is C$53.07. The firm has a market cap of C$72.53 billion, a PE ratio of 9.81, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46.

Insider Transactions at Suncor Energy

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