Jefferies Financial Group Has Lowered Expectations for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price cut by research analysts at Jefferies Financial Group from C$62.00 to C$54.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 8.87% from the stock's previous close.

Several other equities analysts have also commented on SU. Wells Fargo & Company dropped their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. National Bankshares cut their price objective on Suncor Energy from C$76.00 to C$65.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. boosted their target price on Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. TD Securities increased their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Finally, Scotiabank lifted their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$61.89.

Suncor Energy Trading Down 0.4 %

Shares of TSE:SU traded down C$0.21 during midday trading on Friday, reaching C$49.60. The company's stock had a trading volume of 12,061,035 shares, compared to its average volume of 8,232,411. The business has a 50 day moving average price of C$54.19 and a 200 day moving average price of C$53.20. Suncor Energy has a 1 year low of C$41.88 and a 1 year high of C$58.28. The firm has a market cap of C$62.99 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Insider Buying and Selling at Suncor Energy

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

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.