Suncor Energy (TSE:SU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by investment analysts at Jefferies Financial Group from C$48.00 to C$53.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential downside of 2.03% from the company’s current price.

A number of other equities analysts have also recently issued reports on SU. JPMorgan Chase & Co. reduced their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Raymond James Financial raised their price target on Suncor Energy from C$54.00 to C$56.00 and gave the stock a “market perform” rating in a research report on Thursday, May 8th. Scotiabank increased their target price on Suncor Energy from C$57.00 to C$60.00 in a research note on Friday, July 11th. TD Securities cut their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Finally, Desjardins lowered their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.00.

Suncor Energy Price Performance

Suncor Energy stock opened at C$54.10 on Monday. The business’s 50-day simple moving average is C$51.47 and its 200 day simple moving average is C$52.36. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. The stock has a market cap of C$67.85 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$43.59 and a 12-month high of C$58.58.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$55.99, for a total transaction of C$1,432,478.57. Also, Director Russell Girling acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of C$50.41 per share, with a total value of C$504,100.00. Corporate insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.