Suncor Energy Inc. (TSE:SU) Receives C$60.46 Average Price Target from Analysts

Suncor Energy Inc. (TSE:SU) (NYSE:SU) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$60.79.

A number of equities analysts have commented on SU shares. Royal Bank of Canada decreased their target price on Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Jefferies Financial Group decreased their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Raymond James set a C$52.00 target price on Suncor Energy in a research note on Tuesday, October 15th. TD Securities lifted their target price on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a research report on Wednesday, August 7th.

Suncor Energy Stock Performance

Shares of SU stock opened at C$55.40 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The business has a 50 day moving average of C$52.49 and a two-hundred day moving average of C$53.06. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32. The company has a market cap of C$70.36 billion, a P/E ratio of 9.52, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 25th were issued a dividend of $0.545 per share. The ex-dividend date was Wednesday, September 4th. This represents a $2.18 annualized dividend and a yield of 3.94%. Suncor Energy’s payout ratio is 37.46%.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is 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.