Suncor Energy (TSE:SU) PT Raised to C$52.00

Suncor Energy (TSE:SU – Get Rating) (NYSE:SU) had its price objective boosted by Raymond James from C$50.00 to C$52.00 in a report issued on Tuesday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

SU has been the topic of a number of other research reports. Tudor Pickering reissued a buy rating and set a C$42.00 price target on shares of Suncor Energy in a research report on Thursday, February 3rd. Citigroup upped their target price on Suncor Energy from C$31.00 to C$35.00 and gave the company a na rating in a research report on Wednesday, January 19th. Scotiabank raised their price target on Suncor Energy from C$38.00 to C$45.00 in a research report on Tuesday, March 8th. TD Securities upped their price objective on shares of Suncor Energy from C$45.00 to C$47.00 and gave the stock a buy rating in a research report on Thursday, February 3rd. Finally, Tudor Pickering & Holt set a C$42.00 target price on shares of Suncor Energy and gave the company a buy rating in a report on Thursday, February 3rd. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$43.57.

Shares of TSE:SU opened at C$46.92 on Tuesday. Suncor Energy has a 12-month low of C$21.90 and a 12-month high of C$48.49. The company’s 50 day moving average price is C$42.32 and its two-hundred day moving average price is C$36.97. The firm has a market cap of C$66.32 billion and a PE ratio of 16.95. The company has a quick ratio of 0.65, a current ratio of 1.06 and a debt-to-equity ratio of 50.13.

In related news, Senior Officer Paul Douglas Gardner sold 50,000 shares of the stock in a transaction on Monday, March 7th. The stock was sold at an average price of C$41.01, for a total value of C$2,050,545.00. Also, Senior Officer Michael Roderick Macsween sold 60,000 shares of Suncor Energy stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of C$39.11, for a total value of C$2,346,804.00.

Suncor Energy Company Profile (Get Rating)

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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.

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