Suncor Energy (TSE:SU) Given New C$66.00 Price Target at Royal Bank of Canada

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by Royal Bank of Canada from C$64.00 to C$66.00 in a research report released on Thursday,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Scotiabank increased their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday. BMO Capital Markets raised shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research note on Wednesday, August 7th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Desjardins increased their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average price target of C$61.54.

Suncor Energy Price Performance

TSE SU traded down C$0.14 during trading hours on Thursday, hitting C$56.70. 1,439,860 shares of the company’s stock traded hands, compared to its average volume of 7,818,309. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.50. The company has a market capitalization of C$72.01 billion, a PE ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The firm’s 50-day moving average is C$52.61 and its 200-day moving average is C$53.10.

Suncor Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were given a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. Insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.