Jefferies Financial Group Increases Suncor Energy (TSE:SU) Price Target to C$59.00

Suncor Energy (TSE:SU - Free Report) NYSE: SU had its target price upped by Jefferies Financial Group from C$58.00 to C$59.00 in a report released on Monday morning,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Gerdes Energy Research set a C$69.00 target price on shares of Suncor Energy and gave the stock a "buy" rating in a research note on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research report on Friday, December 13th. Tudor Pickering upgraded Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Desjardins raised Suncor Energy from a "hold" rating to a "moderate buy" rating in a research note on Thursday, November 14th. Finally, Scotiabank lifted their price objective on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$62.61.

Suncor Energy Price Performance

TSE:SU traded up C$0.89 on Monday, reaching C$55.72. The stock had a trading volume of 3,471,103 shares, compared to its average volume of 6,556,918. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The company has a market capitalization of C$69.89 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$45.12 and a 1-year high of C$58.58. The stock has a fifty day moving average price of C$54.74 and a 200-day moving average price of C$54.04.

Suncor Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.09%. This is an increase from Suncor Energy's previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, December 3rd. Suncor Energy's dividend payout ratio (DPR) is currently 34.42%.

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.