Suncor Energy (TSE:SU) (NYSE:SU) had its target price decreased by research analysts at National Bank Financial from C$36.00 to C$27.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 50.25% from the stock’s current price.
A number of other equities research analysts also recently weighed in on SU. Tudor Pickering reissued a “buy” rating and set a C$34.00 price target on shares of Suncor Energy in a research note on Monday. Evercore ISI dropped their price target on shares of Suncor Energy from C$45.00 to C$40.00 in a research note on Monday, March 16th. Scotiabank dropped their price target on shares of Suncor Energy from C$50.00 to C$49.00 in a research note on Tuesday, January 14th. Royal Bank of Canada dropped their price target on shares of Suncor Energy from C$46.00 to C$31.00 in a research note on Monday, March 16th. Finally, Citigroup boosted their price target on shares of Suncor Energy from C$47.00 to C$50.00 in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$38.13.
Shares of SU stock opened at C$17.97 on Wednesday. Suncor Energy has a 1 year low of C$14.02 and a 1 year high of C$46.00. The firm’s 50 day moving average is C$31.92 and its 200-day moving average is C$39.21. The firm has a market capitalization of $27.23 billion and a price-to-earnings ratio of 9.66. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 42.74.
In other Suncor Energy news, Senior Officer Michael Roderick Macsween sold 17,226 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of C$39.10, for a total value of C$673,541.77. Also, Senior Officer Kristopher Peter Smith bought 8,500 shares of the stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of C$29.32 per share, with a total value of C$249,220.00. Following the purchase, the insider now directly owns 21,582 shares of the company’s stock, valued at approximately 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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