Suncor Energy (TSE:SU) Given New C$61.00 Price Target at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by equities researchers at TD Securities from C$63.00 to C$61.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 13.40% from the company’s current price.

Several other analysts have also recently issued reports on SU. National Bankshares increased their target price on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Jefferies Financial Group raised their price objective on Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a “buy” rating in a research report on Monday, November 25th. Raymond James raised their price objective on Suncor Energy from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Friday, February 7th. Finally, Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus price target of C$62.96.

Suncor Energy Stock Up 0.2 %

TSE SU traded up C$0.10 during midday trading on Thursday, hitting C$53.79. 1,809,604 shares of the company traded hands, compared to its average volume of 8,694,566. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The company has a market cap of C$67.47 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company’s 50-day simple moving average is C$54.95 and its 200-day simple moving average is C$53.77. Suncor Energy has a 52 week low of C$48.41 and a 52 week high of C$58.58.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.