Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by stock analysts at CIBC from C$44.00 to C$48.00 in a research note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 40.39% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a C$4.20 price objective on shares of Suncor Energy in a research report on Friday, October 29th. JPMorgan Chase & Co. raised shares of Suncor Energy to a “buy” rating and set a C$38.00 price objective for the company in a research report on Thursday, October 28th. TD Securities lifted their price objective on shares of Suncor Energy from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Credit Suisse Group lifted their price objective on shares of Suncor Energy to C$42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 2nd. Finally, ATB Capital reaffirmed a “sector perform” rating and set a C$33.00 price objective on shares of Suncor Energy in a research report on Wednesday, October 27th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$35.49.
Shares of SU traded up C$0.45 during mid-day trading on Thursday, reaching C$34.19. The company’s stock had a trading volume of 2,178,247 shares, compared to its average volume of 9,218,694. The company has a current ratio of 0.99, a quick ratio of 0.58 and a debt-to-equity ratio of 52.29. Suncor Energy has a 1-year low of C$20.29 and a 1-year high of C$34.35. The business has a 50-day simple moving average of C$28.37 and a two-hundred day simple moving average of C$27.62. The stock has a market cap of C$49.82 billion and a P/E ratio of 21.49.
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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