TD Securities Boosts Suncor Energy (TSE:SU) Price Target to C$91.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by investment analysts at TD Securities from C$81.00 to C$91.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 1.89% from the stock’s previous close.

SU has been the topic of a number of other research reports. Scotiabank increased their price target on Suncor Energy from C$80.00 to C$85.00 in a research note on Wednesday. Desjardins upped their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Wells Fargo & Company raised their target price on Suncor Energy from C$74.00 to C$97.00 in a report on Wednesday. Jefferies Financial Group upped their price target on Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. Finally, Raymond James Financial lifted their price objective on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$87.86.

Suncor Energy Price Performance

Shares of TSE:SU traded down C$2.70 during midday trading on Wednesday, reaching C$89.31. The company’s stock had a trading volume of 2,949,539 shares, compared to its average volume of 7,509,439. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$94.34. The company has a market capitalization of C$106.00 billion, a P/E ratio of 18.41, 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 current ratio of 1.39 and a quick ratio of 0.83. The business’s fifty day simple moving average is C$78.30 and its 200-day simple moving average is C$66.37.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$12.04 billion for the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. As a group, equities research analysts expect that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

About Suncor Energy

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.