CSFB Lowers Suncor Energy (TSE:SU) Price Target to C$60.00

Suncor Energy (TSE:SUGet Rating) (NYSE:SU) had its price objective trimmed by CSFB from C$63.00 to C$60.00 in a research note published on Monday, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on SU. CIBC reduced their price target on shares of Suncor Energy from C$65.00 to C$60.00 in a research report on Friday, October 7th. Raymond James lifted their target price on Suncor Energy from C$50.00 to C$53.00 and gave the stock a market perform rating in a report on Tuesday, November 8th. JPMorgan Chase & Co. boosted their target price on Suncor Energy from C$49.00 to C$50.00 in a research note on Monday, November 7th. Scotiabank dropped their price target on Suncor Energy from C$57.00 to C$56.00 in a research report on Thursday, October 13th. Finally, Jefferies Financial Group set a C$44.00 price objective on Suncor Energy and gave the company a hold rating in a research report on Wednesday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Suncor Energy currently has an average rating of Moderate Buy and a consensus target price of C$50.47.

Suncor Energy Price Performance

Suncor Energy stock opened at C$47.81 on Monday. The firm has a market capitalization of C$64.50 billion and a P/E ratio of 8.58. The business has a 50-day moving average of C$44.46 and a 200-day moving average of C$44.59. The company has a current ratio of 1.26, a quick ratio of 0.83 and a debt-to-equity ratio of 50.42. Suncor Energy has a 1 year low of C$28.77 and a 1 year high of C$53.62.

Suncor Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, December 2nd will be issued a dividend of $0.52 per share. This is a boost from Suncor Energy’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 1st. This represents a $2.08 annualized dividend and a yield of 4.35%. Suncor Energy’s dividend payout ratio is presently 31.96%.

Insider Buying and Selling at Suncor Energy

In other news, Senior Officer Paul Douglas Gardner sold 20,000 shares of the stock in a transaction dated Friday, November 4th. The shares were sold at an average price of C$49.27, for a total transaction of C$985,386.00.

About Suncor Energy

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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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Analyst Recommendations for Suncor Energy (TSE:SU)

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