Jefferies Financial Group Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lifted by investment analysts at Jefferies Financial Group from C$58.00 to C$59.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 6.69% from the company’s previous close.

SU has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Royal Bank of Canada decreased their target price on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Scotiabank lifted their price target on shares of Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday, November 13th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Finally, National Bankshares increased their price objective on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four 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 company’s stock. Based on data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$62.61.

Suncor Energy Price Performance

SU opened at C$55.30 on Monday. Suncor Energy has a 12-month low of C$45.12 and a 12-month high of C$58.58. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The business’s fifty day simple moving average is C$54.65 and its 200-day simple moving average is C$54.03. The company has a market capitalization of C$69.36 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.15 and a beta of 1.47.

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.