Suncor Energy (TSE:SU) (NYSE:SU) had its target price lowered by investment analysts at Royal Bank of Canada from C$31.00 to C$27.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 50.25% from the company’s current price.
SU has been the topic of a number of other reports. Tudor Pickering reissued a “buy” rating and issued a C$34.00 price target on shares of Suncor Energy in a report on Monday. Canaccord Genuity cut their price target on shares of Suncor Energy from C$58.00 to C$40.00 in a report on Tuesday, March 10th. Raymond James cut their price target on shares of Suncor Energy from C$32.00 to C$27.00 and set an “outperform” rating on the stock in a report on Wednesday. Scotiabank cut their price target on shares of Suncor Energy from C$50.00 to C$49.00 in a report on Tuesday, January 14th. Finally, Tudor Pickering & Holt set a C$34.00 price target on shares of Suncor Energy and gave the stock a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$38.13.
Shares of TSE:SU opened at C$17.97 on Wednesday. The company’s 50-day moving average is C$31.92 and its 200 day moving average is C$39.21. The company has a debt-to-equity ratio of 42.74, a quick ratio of 0.57 and a current ratio of 0.94. The company has a market capitalization of $27.23 billion and a P/E ratio of 9.66. Suncor Energy has a fifty-two week low of C$14.02 and a fifty-two week high of C$46.00.
In other Suncor Energy news, Senior Officer Michael Roderick Macsween sold 17,226 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of C$39.10, for a total transaction of C$673,541.77. Also, Senior Officer Kristopher Peter Smith acquired 8,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of C$29.32 per share, for a total transaction of C$249,220.00. Following the completion of the acquisition, the insider now owns 21,582 shares of the company’s stock, valued at C$632,784.24.
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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