Credit Suisse Group Lowers Suncor Energy (TSE:SU) Price Target to C$60.00

Suncor Energy (TSE:SUGet Rating) (NYSE:SU) had its price target trimmed by Credit Suisse Group to C$60.00 in a report issued on Monday, Stock Target Advisor reports.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Suncor Energy from C$49.00 to C$50.00 in a report on Monday, November 7th. Scotiabank cut their price objective on Suncor Energy from C$57.00 to C$56.00 in a report on Thursday, October 13th. CIBC decreased their price objective on shares of Suncor Energy from C$65.00 to C$60.00 in a research report on Friday, October 7th. CSFB dropped their target price on shares of Suncor Energy from C$63.00 to C$60.00 in a research report on Monday. Finally, National Bankshares raised their price objective on shares of Suncor Energy from C$53.00 to C$54.00 and gave the company a sector perform rating in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$50.47.

Suncor Energy Trading Up 0.2 %

TSE:SU opened at C$47.81 on Monday. Suncor Energy has a 1 year low of C$28.77 and a 1 year high of C$53.62. The stock’s fifty day moving average price is C$44.46 and its two-hundred day moving average price is C$44.59. The company has a debt-to-equity ratio of 50.42, a current ratio of 1.26 and a quick ratio of 0.83. The company has a market cap of C$64.50 billion and a P/E ratio of 8.58.

Suncor Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 2nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, December 1st. This is a positive change from Suncor Energy’s previous quarterly dividend of $0.47. Suncor Energy’s dividend payout ratio is 31.96%.

Insider Transactions at Suncor Energy

In other Suncor Energy news, Senior Officer Paul Douglas Gardner sold 20,000 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of C$49.27, for a total transaction of C$985,386.00.

About Suncor Energy

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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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Analyst Recommendations for Suncor Energy (TSE:SU)

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