Suncor Energy (TSE:SU) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its target price increased by equities research analysts at Jefferies Financial Group from C$66.00 to C$82.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential downside of 0.91% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their target price on shares of Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Canadian Imperial Bank of Commerce boosted their price target on shares of Suncor Energy from C$70.00 to C$88.00 in a research report on Monday, March 2nd. Desjardins raised their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. National Bank Financial lifted their target price on Suncor Energy from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Finally, Scotiabank boosted their target price on Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$75.86.

Suncor Energy Stock Up 1.1%

Shares of TSE:SU traded up C$0.92 on Monday, hitting C$82.75. 1,575,150 shares of the company’s stock were exchanged, compared to its average volume of 7,492,141. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$82.94. The company has a market capitalization of C$98.22 billion, a PE ratio of 17.06, a P/E/G ratio of 0.15 and a beta of 0.75. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. The firm’s 50-day moving average is C$72.95 and its 200 day moving average is C$63.72.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. The firm had revenue of C$12.04 billion during the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. Sell-side analysts predict that Suncor Energy will post 4.4208333 EPS for the current year.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.