Suncor Energy (TSE:SU) Price Target Raised to C$76.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by National Bankshares from C$73.00 to C$76.00 in a report published on Thursday,BayStreet.CA reports.

SU has been the subject of several other research reports. BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price objective for the company in a report on Wednesday, August 7th. Desjardins boosted their price target on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group cut their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Royal Bank of Canada boosted their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a report on Thursday. Finally, Wolfe Research raised Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Five research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$61.54.

Suncor Energy Price Performance

Suncor Energy stock opened at C$57.00 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The business’s 50 day simple moving average is C$52.72 and its 200 day simple moving average is C$53.12. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.50. The company has a market cap of C$72.39 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Dividend Announcement

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

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction dated 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 currently owned by insiders.

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.