Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price target lowered by research analysts at Desjardins from C$68.50 to C$65.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' target price indicates a potential upside of 21.00% from the company's previous close.
SU has been the subject of several other research reports. JPMorgan Chase & Co. boosted their target price on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the stock a "buy" rating in a research note on Monday, November 25th. Wells Fargo & Company cut their target price on Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Jefferies Financial Group upped their price target on shares of Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$62.96.
Get Our Latest Stock Analysis on SU
Suncor Energy Stock Down 0.5 %
Shares of Suncor Energy stock traded down C$0.28 on Wednesday, hitting C$53.72. 9,034,215 shares of the company's stock traded hands, compared to its average volume of 8,758,308. The stock has a market cap of C$67.38 billion, a P/E ratio of 8.48, a PEG ratio of 0.15 and a beta of 1.47. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 52-week low of C$48.41 and a 52-week high of C$58.58. The firm's 50-day moving average is C$54.86 and its 200 day moving average is C$53.75.
Suncor Energy Company Profile
(
Get Free Report)
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.
See Also
Before you consider Suncor Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Suncor Energy wasn't on the list.
While Suncor Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
