Suncor Energy (TSE:SU) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by equities research analysts at Royal Bank of Canada from C$64.00 to C$66.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 15.79% from the stock’s previous close.

Several other brokerages have also recently weighed in on SU. Wolfe Research raised shares of Suncor Energy to a “strong-buy” rating in a research report on Thursday, July 18th. TD Securities upped their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday. Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Raymond James set a C$52.00 price target on Suncor Energy in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their price objective on Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday. Five 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.54.

Suncor Energy Stock Performance

Shares of SU stock opened at C$57.00 on Thursday. The company has a market capitalization of C$72.39 billion, a P/E ratio of 9.82, a PEG ratio of 0.15 and a beta of 1.47. Suncor Energy has a fifty-two week low of C$40.07 and a fifty-two week high of C$57.50. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. The stock has a 50 day moving average price of C$52.61 and a two-hundred day moving average price of C$53.10.

Insider Activity at Suncor Energy

In related news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the 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 owned by corporate 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.