Suncor Energy (TSE:SU) Price Target Raised to C$60.00 at Scotiabank

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price hoisted by research analysts at Scotiabank from C$57.00 to C$60.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank's price target suggests a potential upside of 9.95% from the stock's current price.

Other equities analysts have also recently issued reports about the company. Desjardins lowered their price target on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Raymond James Financial lifted their target price on Suncor Energy from C$54.00 to C$56.00 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, TD Securities decreased their target price on Suncor Energy from C$63.00 to C$62.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$62.00.

Suncor Energy Stock Performance

SU traded down C$0.30 during trading hours on Friday, hitting C$54.57. The company's stock had a trading volume of 5,276,427 shares, compared to its average volume of 8,456,007. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week 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 firm has a market capitalization of C$68.44 billion, a PE ratio of 8.62, a PEG ratio of 0.15 and a beta of 1.47. The company has a 50-day simple moving average of C$51.35 and a 200 day simple moving average of C$52.34.

Insider Transactions at Suncor Energy

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

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.