Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by investment analysts at Raymond James from C$32.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 50.25% from the stock’s previous close.
SU has been the subject of a number of other reports. Wells Fargo & Co dropped their price objective on Suncor Energy from C$50.00 to C$25.00 in a report on Friday, March 20th. GMP Securities upped their price objective on Suncor Energy from C$39.00 to C$43.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. lowered their price target on Suncor Energy from C$33.00 to C$24.00 in a report on Monday. Canaccord Genuity lowered their price target on Suncor Energy from C$58.00 to C$40.00 in a report on Tuesday, March 10th. Finally, Evercore lowered their price target on Suncor Energy from C$45.00 to C$40.00 in a report on Monday, March 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$38.13.
SU stock opened at C$17.97 on Wednesday. The company has a market cap of $27.23 billion and a price-to-earnings ratio of 9.66. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 42.74. The business has a fifty day simple moving average of C$31.92 and a 200-day simple moving average of C$39.21. Suncor Energy has a 52 week low of C$14.02 and a 52 week high of C$46.00.
In related news, Senior Officer Kristopher Peter Smith purchased 8,500 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average cost of C$29.32 per share, for a total transaction of C$249,220.00. Following the acquisition, the insider now owns 21,582 shares in the company, valued at C$632,784.24. Also, Senior Officer Michael Roderick Macsween sold 17,226 shares of the stock in a transaction 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.
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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