TD Securities Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its target price upped by stock analysts at TD Securities from C$60.00 to C$62.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. TD Securities’ price target would indicate a potential upside of 11.89% from the company’s current price.

Several other equities analysts have also commented on SU. Jefferies Financial Group reduced their price target 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. Royal Bank of Canada decreased their target price on shares of Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research note on Thursday, July 18th. Desjardins upped their price objective 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. Finally, National Bankshares dropped their target price on Suncor Energy from C$77.00 to C$73.00 in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$60.79.

Suncor Energy Trading Up 4.2 %

Shares of SU traded up C$2.25 during trading hours on Wednesday, hitting C$55.41. The stock had a trading volume of 4,164,222 shares, compared to its average volume of 7,833,698. Suncor Energy has a 12-month low of C$40.07 and a 12-month high of C$57.32. The firm has a market cap of C$70.37 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The company’s fifty day simple moving average is C$52.49 and its 200 day simple moving average is C$53.06.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were 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 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.