Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by investment analysts at CIBC from C$53.00 to C$56.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 26.30% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Barclays cut their target price on Suncor Energy from C$68.00 to C$61.00 in a research note on Thursday, January 10th. Canaccord Genuity cut their target price on Suncor Energy from C$65.00 to C$55.00 in a research note on Thursday, January 10th. UBS Group cut their target price on Suncor Energy from C$60.00 to C$49.00 in a research note on Monday, January 7th. GMP Securities raised their target price on Suncor Energy from C$46.00 to C$47.00 in a research note on Thursday, February 7th. Finally, Morgan Stanley cut their target price on Suncor Energy from C$58.00 to C$52.00 in a research note on Wednesday, January 30th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Suncor Energy presently has an average rating of “Buy” and an average price target of C$55.47.
Shares of SU opened at C$44.34 on Tuesday. Suncor Energy has a 12-month low of C$35.53 and a 12-month high of C$55.47. The firm has a market cap of $70.19 billion and a P/E ratio of 21.95. The company has a current ratio of 0.84, a quick ratio of 0.52 and a debt-to-equity ratio of 39.43.
In related news, Senior Officer Michael Roderick Macsween sold 25,000 shares of Suncor Energy stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of C$42.89, for a total transaction of C$1,072,250.00. Also, Senior Officer Steven Walter Williams sold 30,000 shares of Suncor Energy stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of C$43.36, for a total transaction of C$1,300,800.00. Following the sale, the insider now owns 465,102 shares in the company, valued at C$20,166,822.72.
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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