Suncor Energy (TSE:SU) Price Target Raised to C$53.00 at Jefferies Financial Group

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price target boosted by analysts at Jefferies Financial Group from C$48.00 to C$53.00 in a report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price target would suggest a potential downside of 1.32% from the stock's current price.

SU has been the topic of a number of other research reports. Scotiabank increased their price objective on Suncor Energy from C$57.00 to C$60.00 in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on Suncor Energy from C$59.00 to C$60.00 and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Desjardins reduced 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. TD Securities reduced 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 Wednesday, May 7th. Finally, JPMorgan Chase & Co. reduced their target price on Suncor Energy from C$63.00 to C$62.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Four research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$62.00.

Suncor Energy Price Performance

Shares of SU stock traded up C$0.15 on Monday, reaching C$53.71. The company's stock had a trading volume of 3,529,406 shares, compared to its average volume of 8,341,199. The company has a quick ratio of 0.83, a current ratio of 1.59 and a debt-to-equity ratio of 33.35. Suncor Energy has a 12-month low of C$43.59 and a 12-month high of C$58.58. The company has a market capitalization of C$67.37 billion, a P/E ratio of 8.48, a PEG ratio of 0.15 and a beta of 1.47. The stock's 50 day simple moving average is C$51.60 and its 200-day simple moving average is C$52.37.

Insider Activity

In other Suncor Energy news, Director Russell Girling bought 10,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average cost of C$50.41 per share, with a total value of C$504,100.00. Also, Senior Officer Jacqueline Sue Moore sold 25,585 shares of the firm's 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. 0.01% of the stock is owned by company insiders.

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.