Raymond James Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective lowered by stock analysts at Raymond James from C$56.00 to C$55.00 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 5.02% from the company’s current price.

Other research analysts have also recently issued reports about the company. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. Wells Fargo & Company decreased their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Scotiabank increased their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price target on shares of Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday, November 14th. Finally, National Bankshares increased their target price on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$62.75.

Suncor Energy Stock Down 1.0 %

SU opened at C$52.37 on Friday. Suncor Energy has a 1-year low of C$41.30 and a 1-year high of C$58.28. The business has a 50 day moving average of C$54.62 and a 200-day moving average of C$53.34. The stock has a market capitalization of C$66.51 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of C$57.10, for a total value of C$5,995,185.00. Also, Senior Officer Shelley Powell sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. 0.01% of the stock is owned by insiders.

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.