Suncor Energy (TSE:SU – Get 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.
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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