Jefferies Financial Group Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its target price dropped by investment analysts at Jefferies Financial Group from C$62.00 to C$54.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 8.35% from the stock’s previous close.

SU has been the topic of a number of other reports. UBS Group increased their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Royal Bank of Canada upped their price objective on Suncor Energy from C$64.00 to C$66.00 in a report on Thursday, November 14th. TD Securities upped their target price on shares of Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday, November 13th. Wells Fargo & Company dropped their price target on shares of Suncor Energy from C$66.00 to C$64.00 in a research report on Monday, December 9th. Finally, National Bankshares decreased their price objective on shares of Suncor Energy from C$76.00 to C$65.00 and set an “outperform” rating on the stock in a report on Thursday. Four equities research 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’s stock. According to MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$61.89.

Suncor Energy Stock Up 0.1 %

TSE SU traded up C$0.03 during trading on Friday, hitting C$49.84. The company’s stock had a trading volume of 4,171,700 shares, compared to its average volume of 8,200,206. Suncor Energy has a fifty-two week low of C$41.88 and a fifty-two week high of C$58.28. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market cap of C$63.30 billion, a PE ratio of 8.56, a P/E/G ratio of 0.15 and a beta of 1.47. The business’s 50 day simple moving average is C$54.31 and its 200-day simple moving average is C$53.23.

Insider Buying and Selling

In related news, Senior Officer Shelley Powell sold 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were 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 company’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. Insiders own 0.01% of the company’s stock.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.