Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by research analysts at Canaccord Genuity from C$65.00 to C$55.00 in a research note issued on Thursday. Canaccord Genuity’s price target indicates a potential upside of 36.31% from the stock’s current price.
A number of other analysts also recently issued reports on SU. National Bank Financial lifted their price target on Suncor Energy from C$65.00 to C$67.00 in a report on Friday, October 5th. CIBC reaffirmed an “outperform” rating and set a C$64.00 price target on shares of Suncor Energy in a report on Friday, October 5th. Raymond James lifted their price target on Suncor Energy from C$69.00 to C$70.00 in a report on Friday, October 5th. BMO Capital Markets lifted their price target on Suncor Energy from C$60.00 to C$65.00 in a report on Tuesday, October 9th. Finally, AltaCorp Capital raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of C$56.56.
Shares of TSE SU opened at C$40.35 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 36.41. Suncor Energy has a 1 year low of C$35.53 and a 1 year high of C$55.47.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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