Suncor Energy (TSE:SU) Given a C$69.00 Price Target by Gerdes Energy Research Analysts

Suncor Energy (TSE:SU) (NYSE:SU) received a C$69.00 target price from equities researchers at Gerdes Energy Research in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Gerdes Energy Research’s target price would indicate a potential upside of 24.03% from the company’s current price.

SU has been the subject of several other research reports. BMO Capital Markets upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research report on Wednesday, August 7th. Raymond James increased their target price on shares of Suncor Energy from C$52.00 to C$56.00 in a research report on Thursday, November 14th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada increased their target price on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. Finally, Scotiabank increased their target price on shares of Suncor Energy from C$59.00 to C$62.00 in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$62.32.

Suncor Energy Stock Down 2.3 %

Suncor Energy stock opened at C$55.63 on Monday. The company has a 50-day simple moving average of C$53.75 and a 200-day simple moving average of C$53.32. The firm has a market capitalization of C$70.65 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a one year low of C$40.07 and a one year high of C$58.28.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. Insiders own 0.01% of the company’s stock.

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.