Suncor Energy (TSE:SU) Given New C$116.00 Price Target at TD

Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target lifted by analysts at TD from C$113.00 to C$116.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 27.39% from the stock’s current price.

SU has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. BMO Capital Markets boosted their target price on shares of Suncor Energy from C$85.00 to C$100.00 in a report on Wednesday, April 1st. TD Securities upped their target price on shares of Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Gerdes Energy Research raised shares of Suncor Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from C$93.00 to C$96.00 in a report on Monday, June 29th. Finally, Desjardins set a C$107.00 price target on Suncor Energy and gave the stock a “buy” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of C$95.88.

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Suncor Energy Price Performance

Shares of SU traded up C$1.22 during mid-day trading on Wednesday, hitting C$91.06. 1,219,994 shares of the stock were exchanged, compared to its average volume of 6,482,392. The company has a market cap of C$107.52 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. Suncor Energy has a 52-week low of C$52.95 and a 52-week high of C$96.53. The firm has a 50-day moving average of C$85.25 and a two-hundred day moving average of C$81.57. The company has a debt-to-equity ratio of 32.36, a quick ratio of 0.83 and a current ratio of 1.42.

Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its earnings results on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%.The firm had revenue of C$14.48 billion during the quarter. On average, equities analysts predict that Suncor Energy will post 4.4208333 earnings per share for the current year.

About Suncor Energy

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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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

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