Suncor Energy (TSE:SU) Price Target Raised to C$76.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by stock analysts at National Bankshares from C$73.00 to C$76.00 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 33.08% from the company’s previous close.

A number of other research firms have also recently commented on SU. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 target price on the stock in a research note on Wednesday, August 7th. 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. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Scotiabank upped their price objective on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday. Finally, Royal Bank of Canada lifted their target price on Suncor Energy from C$64.00 to C$66.00 in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Up 3.1 %

Shares of Suncor Energy stock traded up C$1.71 on Thursday, reaching C$57.11. The company’s stock had a trading volume of 2,692,819 shares, compared to its average volume of 7,828,801. The company has a market capitalization 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. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The firm’s fifty day simple moving average is C$52.52 and its two-hundred day simple moving average is C$53.07. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32.

Insider Activity at Suncor Energy

In other Suncor Energy 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 transaction of C$2,131,558.00. 0.01% of the stock is currently owned by insiders.

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.