Suncor Energy (TSE:SU) Price Target Lowered to C$65.00 at Royal Bank of Canada

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective lowered by equities researchers at Royal Bank of Canada from C$66.00 to C$65.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada's price objective suggests a potential upside of 13.82% from the stock's previous close.

SU has been the subject of several other research reports. Desjardins raised shares of Suncor Energy from a "hold" rating to a "moderate buy" rating in a report on Thursday, November 14th. Wells Fargo & Company reduced their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Raymond James reduced their price target on Suncor Energy from C$56.00 to C$55.00 in a research note on Friday, December 13th. Finally, UBS Group upped their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Four investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$61.82.

Suncor Energy Stock Performance

Suncor Energy stock traded up C$0.38 during mid-day trading on Tuesday, hitting C$57.11. 14,006,365 shares of the company's stock traded hands, compared to its average volume of 6,476,256. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The firm has a 50 day simple moving average of C$54.00 and a two-hundred day simple moving average of C$53.29. Suncor Energy has a fifty-two week low of C$41.88 and a fifty-two week high of C$58.58. The stock has a market cap of C$72.53 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 0.15 and a beta of 1.47.

Insider Activity

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction dated 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. Corporate insiders own 0.01% of the company's stock.

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.