Brokerages Set Suncor Energy Inc. (TSE:SU) Target Price at C$62.58

Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU has received a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$62.58.

Several brokerages recently weighed in on SU. Desjardins dropped their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Scotiabank upgraded Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Jefferies Financial Group increased their price objective on shares of Suncor Energy from C$58.00 to C$59.00 in a research report on Monday, February 24th. Raymond James lifted their target price on shares of Suncor Energy from C$54.00 to C$56.00 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Finally, 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 note on Wednesday, May 7th.

Suncor Energy Stock Down 1.0%

Shares of SU traded down C$0.47 during trading hours on Wednesday, hitting C$48.91. The company had a trading volume of 13,843,546 shares, compared to its average volume of 7,883,751. 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 company has a market capitalization of C$61.34 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a one year low of C$43.59 and a one year high of C$58.58. The company's fifty day moving average price is C$49.34 and its two-hundred day moving average price is C$52.64.

Suncor Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 25th will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.66%. Suncor Energy's dividend payout ratio (DPR) is 34.42%.

About Suncor Energy

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.