Suncor Energy (TSE:SU) Given a C$107.00 Price Target by Desjardins Analysts

Suncor Energy (TSE:SU) (NYSE:SU) has been assigned a C$107.00 price objective by investment analysts at Desjardins in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 22.24% from the stock’s current price.

Several other brokerages also recently weighed in on SU. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. The Goldman Sachs Group cut shares of Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. BMO Capital Markets raised their price target on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. Scotia lifted their price target on Suncor Energy from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada lifted their price target on Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and an average price target of C$95.62.

Suncor Energy Price Performance

Shares of TSE SU opened at C$87.53 on Friday. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. The firm has a market capitalization of C$103.35 billion, a PE ratio of 16.64, a P/E/G ratio of 0.15 and a beta of 0.17. Suncor Energy has a 1-year low of C$52.75 and a 1-year high of C$96.53. The business’s fifty day moving average price is C$85.30 and its two-hundred day moving average price is C$81.03.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$14.48 billion during the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. On average, research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

About Suncor Energy

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.