Suncor Energy (TSE:SU) Raised to Hold at Scotiabank

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Wells Fargo & Company reduced their price objective on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. TD Securities reduced their price objective on shares of Suncor Energy from C$63.00 to C$61.00 and set a “buy” rating for the company in a research note on Thursday. Desjardins reduced their price objective on shares of Suncor Energy from C$68.50 to C$65.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, National Bankshares lifted their price objective on shares of Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$62.96.

Suncor Energy Trading Down 0.5 %

Suncor Energy stock opened at C$53.72 on Wednesday. The company’s fifty day simple moving average is C$54.86 and its 200-day simple moving average is C$53.76. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 12 month low of C$48.41 and a 12 month high of C$58.58. The stock has a market cap of C$67.38 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Company Profile

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.