TD Securities Has Lowered Expectations for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective cut by TD Securities from C$63.00 to C$61.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 13.55% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. Royal Bank of Canada cut their price target on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Jefferies Financial Group lifted their price target on Suncor Energy from C$58.00 to C$59.00 in a report on Monday, February 24th. Finally, National Bankshares lifted their price target on Suncor Energy from C$65.00 to C$68.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and an average target price of C$62.96.

Suncor Energy Stock Performance

Shares of SU stock opened at C$53.72 on Thursday. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. The company’s 50-day simple moving average is C$54.86 and its 200-day simple moving average is C$53.76. Suncor Energy has a one year low of C$48.41 and a one year high of C$58.58. The stock has a market capitalization of C$67.38 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.15 and a beta of 1.47.

Suncor Energy Company Profile

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.