Suncor Energy (TSE:SU) Price Target Raised to C$65.00 at UBS Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by UBS Group from C$61.00 to C$65.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other research firms have also issued reports on SU. Jefferies Financial Group dropped their price target on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research report on Monday, September 16th. National Bankshares increased their price target on Suncor Energy from C$73.00 to C$76.00 in a research report on Thursday, November 14th. Scotiabank upped their target price on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. Finally, Raymond James lifted their price objective on Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$61.81.

Suncor Energy Trading Up 0.4 %

SU stock opened at C$57.20 on Monday. The business’s 50-day moving average is C$52.85 and its 200 day moving average is C$53.14. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.69. The stock has a market cap of C$72.64 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.15 and a beta of 1.47. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a dividend yield of 3.81%. Suncor Energy’s dividend payout ratio (DPR) is 37.46%.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total value of C$2,843,700.00. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.