Suncor Energy (TSE:SU) Raised to "Moderate Buy" at Desjardins

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU was upgraded by research analysts at Desjardins from a "hold" rating to a "moderate buy" rating in a report issued on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on SU. Royal Bank of Canada upped their price target on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. Jefferies Financial Group lowered their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a "hold" rating on the stock in a report on Monday, September 16th. TD Securities upped their price target on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Scotiabank lifted their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. Finally, Raymond James lifted their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$61.54.

Suncor Energy Trading Up 0.3 %

Shares of TSE:SU traded up C$0.16 during mid-day trading on Thursday, reaching C$57.00. The stock had a trading volume of 7,850,064 shares, compared to its average volume of 7,847,200. The firm has a market cap of C$72.39 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a twelve month low of C$40.07 and a twelve month high of C$57.50. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The firm has a 50 day simple moving average of C$52.61 and a two-hundred day simple moving average of C$53.10.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total value of C$2,131,558.00. Insiders own 0.01% of the company's stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.