Suncor Energy (TSE:SU) Price Target Raised to C$53.00 at Raymond James

Suncor Energy (TSE:SUGet Rating) (NYSE:SU) had its price target lifted by Raymond James from C$50.00 to C$53.00 in a research report report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Other analysts have also issued reports about the company. Scotiabank lowered their price objective on Suncor Energy from C$57.00 to C$56.00 in a research report on Thursday, October 13th. Jefferies Financial Group set a C$44.00 target price on Suncor Energy and gave the company a hold rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. upped their price objective on Suncor Energy from C$49.00 to C$50.00 in a research note on Monday. CIBC decreased their target price on Suncor Energy from C$65.00 to C$60.00 in a report on Friday, October 7th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a C$63.00 price objective on shares of Suncor Energy in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Suncor Energy presently has an average rating of Moderate Buy and an average target price of C$50.89.

Suncor Energy Stock Performance

SU opened at C$48.33 on Tuesday. The firm has a market capitalization of C$65.20 billion and a P/E ratio of 7.40. The stock’s 50 day moving average price is C$43.00 and its two-hundred day moving average price is C$44.37. The company has a quick ratio of 0.84, a current ratio of 1.26 and a debt-to-equity ratio of 50.42. Suncor Energy has a 12-month low of C$28.77 and a 12-month high of C$53.62.

Insider Buying and Selling at Suncor Energy

In other news, Director Christopher Raymond Seasons acquired 1,525 shares of Suncor Energy stock in a transaction on Friday, August 19th. The stock was purchased at an average price of C$42.52 per share, with a total value of C$64,843.00. Following the completion of the purchase, the director now owns 1,525 shares of the company’s stock, valued at approximately C$64,843. In related news, Director Christopher Raymond Seasons bought 1,525 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were bought at an average price of C$42.52 per share, for a total transaction of C$64,843.00. Following the completion of the acquisition, the director now directly owns 1,525 shares of the company’s stock, valued at C$64,843. Also, Senior Officer Paul Douglas Gardner sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of C$49.27, for a total value of C$985,386.00.

Suncor Energy Company Profile

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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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