Suncor Energy (TSE:SU) Price Target Raised to C$54.00 at BMO Capital Markets

Suncor Energy (TSE:SUGet Rating) (NYSE:SU) had its price target boosted by stock analysts at BMO Capital Markets from C$48.00 to C$54.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 18.81% from the stock’s current price.

Other analysts also recently issued reports about the company. Raymond James upped their price objective on Suncor Energy from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research report on Tuesday. Credit Suisse Group restated an “outperform” rating and issued a C$45.00 price objective on shares of Suncor Energy in a research report on Friday, February 4th. Wells Fargo & Company upped their price objective on Suncor Energy from C$38.00 to C$42.00 and gave the company a “buy” rating in a research report on Friday, February 4th. TD Securities increased their target price on Suncor Energy from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Tudor Pickering & Holt set a C$42.00 target price on Suncor Energy and gave the stock a “buy” rating in a research report on Thursday, February 3rd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Suncor Energy presently has an average rating of “Buy” and an average price target of C$43.57.

Shares of TSE:SU traded down C$0.80 on Thursday, hitting C$45.45. The company had a trading volume of 1,515,260 shares, compared to its average volume of 11,033,996. The company has a current ratio of 1.06, a quick ratio of 0.65 and a debt-to-equity ratio of 50.13. Suncor Energy has a 52-week low of C$21.90 and a 52-week high of C$48.49. The business has a 50 day moving average of C$42.10 and a 200 day moving average of C$36.72. The company has a market cap of C$64.24 billion and a PE ratio of 16.42.

In other news, Senior Officer Paul Douglas Gardner sold 50,000 shares of the stock in a transaction dated Monday, March 7th. The stock was sold at an average price of C$41.01, for a total value of C$2,050,545.00. Also, Senior Officer Michael Roderick Macsween sold 60,000 shares of the stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of C$39.11, for a total value of C$2,346,804.00.

About Suncor Energy (Get Rating)

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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