Suncor Energy (SU) PT Raised to C$47.00 at GMP Securities

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Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by equities researchers at GMP Securities from C$46.00 to C$47.00 in a research note issued to investors on Thursday. GMP Securities’ price objective suggests a potential upside of 9.79% from the stock’s current price.

SU has been the topic of a number of other research reports. Morgan Stanley lowered their target price on Suncor Energy from C$67.00 to C$58.00 in a research note on Tuesday, November 20th. Cormark lowered their target price on Suncor Energy from C$60.00 to C$52.00 in a research note on Monday, December 17th. Raymond James reiterated an “outperform” rating and set a C$59.00 target price on shares of Suncor Energy in a research note on Monday, December 17th. Barclays lowered their target price on Suncor Energy from C$68.00 to C$61.00 in a research note on Thursday, January 10th. Finally, National Bank Financial lowered their target price on Suncor Energy from C$67.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Monday, December 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$54.89.

TSE:SU opened at C$42.81 on Thursday. The company has a debt-to-equity ratio of 36.41, a quick ratio of 0.58 and a current ratio of 0.93. The company has a market capitalization of $70.22 billion and a price-to-earnings ratio of 14.19. Suncor Energy has a 12-month low of C$35.53 and a 12-month high of C$55.47.

In other news, insider Steven Walter Williams bought 54,000 shares of the stock in a transaction dated Friday, December 21st. The shares were bought at an average price of C$36.86 per share, for a total transaction of C$1,990,440.00. Following the completion of the purchase, the insider now owns 465,102 shares in the company, valued at C$17,143,659.72.

Suncor Energy Company Profile

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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