Suncor Energy (TSE:SU) Price Target Raised to C$89.00 at Royal Bank Of Canada

Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by Royal Bank Of Canada from C$75.00 to C$89.00 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s target price would indicate a potential downside of 0.35% from the stock’s current price.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their target price on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. Raymond James Financial increased their price objective on Suncor Energy from C$76.00 to C$93.00 in a research report on Monday. Wells Fargo & Company lifted their price objective on Suncor Energy from C$74.00 to C$97.00 in a report on Wednesday. TD Securities boosted their target price on Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday, February 4th. Finally, National Bank Financial upped their target price on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.86.

Suncor Energy Stock Down 2.9%

Shares of TSE:SU traded down C$2.70 during trading on Wednesday, reaching C$89.31. 2,949,539 shares of the stock traded hands, compared to its average volume of 7,509,439. The stock has a 50-day moving average of C$78.30 and a two-hundred day moving average of C$66.37. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$94.34. 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 stock has a market cap of C$106.00 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75.

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