Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by stock analysts at Wells Fargo & Company from C$38.00 to C$42.00 in a research report issued on Friday, Analyst Price Targets reports. The brokerage presently has a “buy” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 14.63% from the company’s current price.
A number of other equities research analysts also recently issued reports on SU. National Bank Financial boosted their target price on shares of Suncor Energy from C$39.00 to C$45.00 and gave the company a “sector perform” rating in a report on Thursday, January 6th. Citigroup boosted their target price on shares of Suncor Energy from C$31.00 to C$35.00 and gave the company a “na” rating in a report on Wednesday, January 19th. Credit Suisse Group boosted their price objective on shares of Suncor Energy to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, January 6th. Scotiabank boosted their price objective on shares of Suncor Energy from C$33.00 to C$37.00 in a research note on Friday, November 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Suncor Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Tuesday, October 19th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$39.84.
Suncor Energy stock opened at C$36.64 on Friday. Suncor Energy has a 1 year low of C$21.90 and a 1 year high of C$38.62. The firm has a 50 day moving average price of C$33.09 and a 200 day moving average price of C$29.12. The company has a market cap of C$52.61 billion and a price-to-earnings ratio of 23.03. The company has a debt-to-equity ratio of 52.29, a quick ratio of 0.58 and a current ratio of 0.99.
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, transports, refines, and markets crude oil in Canada and internationally; markets petroleum and petrochemical products under the Petro-Canada name primarily in Canada.
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