National Bankshares Increases Suncor Energy (TSE:SU) Price Target to C$76.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by equities researchers at National Bankshares from C$73.00 to C$76.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price target suggests a potential upside of 33.33% from the company’s previous close.

A number of other research firms have also weighed in on SU. Desjardins increased their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. TD Securities increased their price target on Suncor Energy from C$60.00 to C$62.00 in a research report on Wednesday. Scotiabank boosted their price objective on Suncor Energy from C$59.00 to C$62.00 in a report on Wednesday. Wolfe Research raised Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Finally, Raymond James upped their price objective on Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday. Five 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Trading Up 0.3 %

Suncor Energy stock opened at C$57.00 on Thursday. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.50. The stock has a 50-day moving average price of C$52.61 and a 200 day moving average price of C$53.10. The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 34.98. The company has a market capitalization of C$72.39 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

Insider Buying and Selling

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the firm’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 currently owned by company 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.