GMP Securities Raises Suncor Energy (TSE:SU) Price Target to C$43.00
Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by analysts at GMP Securities from C$39.00 to C$43.00 in a research report issued on Tuesday, BayStreet.CA reports. GMP Securities’ price objective suggests a potential upside of 4.37% from the company’s current price.
Several other research firms have also recently weighed in on SU. National Bank Financial lowered their price target on shares of Suncor Energy from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Citigroup decreased their price target on shares of Suncor Energy from C$55.00 to C$47.00 in a research note on Tuesday, October 8th. Canaccord Genuity dropped their price objective on Suncor Energy from C$59.00 to C$58.00 in a research note on Tuesday, November 26th. Raymond James reissued an “outperform” rating and set a C$48.00 price objective on shares of Suncor Energy in a report on Friday, November 1st. Finally, CSFB lowered their target price on Suncor Energy from C$52.00 to C$47.00 in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$50.56.
Shares of SU stock traded down C$0.17 during midday trading on Tuesday, hitting C$41.20. 3,314,876 shares of the company were exchanged, compared to its average volume of 3,622,627. The firm has a market capitalization of $63.68 billion and a P/E ratio of 13.10. The company has a debt-to-equity ratio of 39.15, a quick ratio of 0.58 and a current ratio of 0.96. The firm’s 50 day moving average price is C$41.04 and its two-hundred day moving average price is C$40.51. Suncor Energy has a 52 week low of C$35.53 and a 52 week high of C$46.50.
Suncor Energy Company Profile
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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