Suncor Energy (TSE:SU) Price Target Raised to C$62.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by Scotiabank from C$59.00 to C$62.00 in a report released on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on the company. National Bankshares decreased their target price on Suncor Energy from C$77.00 to C$73.00 in a report on Friday, September 27th. Royal Bank of Canada decreased their price objective on shares of Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Jefferies Financial Group dropped their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Desjardins lifted their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Raymond James set a C$52.00 price target on shares of Suncor Energy in a research note on Tuesday, October 15th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Stock Up 0.3 %

Shares of SU stock opened at C$57.00 on Wednesday. Suncor Energy has a 52-week low of C$40.07 and a 52-week high of C$57.50. The stock has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47. The firm’s 50-day moving average is C$52.61 and its 200-day moving average is C$53.10. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46.

Suncor Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $2.18 dividend on an annualized basis and a yield of 3.82%. Suncor Energy’s payout ratio is 37.46%.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction 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. Insiders own 0.01% of the company’s stock.

About Suncor Energy

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.