Desjardins Lowers Suncor Energy (TSE:SU) Price Target to C$63.00

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price target decreased by Desjardins from C$65.00 to C$63.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 31.80% from the stock's previous close.

A number of other equities research analysts also recently issued reports on the stock. Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Raymond James boosted their target price on Suncor Energy from C$57.00 to C$58.00 and gave the company a "market perform" rating in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target on Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on Suncor Energy from C$58.00 to C$59.00 in a research note on Monday, February 24th. Finally, Scotiabank raised Suncor Energy to a "hold" rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$62.89.

Suncor Energy Trading Up 2.0 %

Shares of SU traded up C$0.94 during midday trading on Tuesday, reaching C$47.80. The company had a trading volume of 3,682,696 shares, compared to its average volume of 8,081,635. The firm has a 50 day simple moving average of C$52.25 and a 200-day simple moving average of C$53.62. 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$59.95 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$58.58.

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.