Suncor Energy (TSE:SU) Given a C$69.00 Price Target at Gerdes Energy Research

Suncor Energy (TSE:SU) (NYSE:SU) has been assigned a C$69.00 price objective by equities researchers at Gerdes Energy Research in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Gerdes Energy Research’s price objective suggests a potential upside of 21.63% from the stock’s current price.

A number of other analysts also recently commented on the company. Raymond James boosted their target price on Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. UBS Group upped their price objective on Suncor Energy from C$61.00 to C$65.00 in a research report on Monday, November 18th. Jefferies Financial Group reduced their price objective on 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 upgraded Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Finally, Scotiabank upped their target price on Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$62.32.

Suncor Energy Stock Performance

SU traded down C$1.34 during trading on Monday, hitting C$56.73. 1,615,247 shares of the stock were exchanged, compared to its average volume of 7,897,996. The firm has a market capitalization of C$72.05 billion, a P/E ratio of 9.73, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$58.28. The stock has a fifty day moving average price of C$53.49 and a two-hundred day moving average price of C$53.26. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98.

Insider Activity

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total value of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. 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.