Royal Bank of Canada Lowers Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lowered by equities research analysts at Royal Bank of Canada from C$66.00 to C$65.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price indicates a potential upside of 14.10% from the company’s current price.

Several other analysts have also recently commented on SU. Wells Fargo & Company lowered their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a research note on Monday, December 9th. Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a “buy” rating in a research report on Monday, November 25th. Raymond James reduced their target price on Suncor Energy from C$56.00 to C$55.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group lowered their target price on shares of Suncor Energy from C$62.00 to C$54.00 and set a “hold” rating for the company in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$61.82.

Suncor Energy Trading Up 0.4 %

TSE:SU traded up C$0.24 on Tuesday, reaching C$56.97. The stock had a trading volume of 3,771,688 shares, compared to its average volume of 5,318,194. The company has a market cap of C$72.35 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 12-month low of C$41.88 and a 12-month high of C$58.58. 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 firm’s fifty day moving average is C$53.93 and its two-hundred day moving average is C$53.25.

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Kristopher Peter Smith sold 105,000 shares of the 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. Also, Senior Officer Shelley Powell sold 50,000 shares of the 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. 0.01% of the stock is currently owned by company insiders.

Suncor Energy Company Profile

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.