Suncor Energy (TSE:SU) (NYSE:SU) had its target price dropped by GMP Securities from C$48.00 to C$43.00 in a note issued to investors on Friday, June 28th, BayStreet.CA reports. GMP Securities’ target price would indicate a potential upside of 5.68% from the company’s previous close.
Other equities analysts have also issued reports about the company. Raymond James reiterated a “buy” rating and issued a $21.00 price objective on shares of Colfax in a research note on Thursday, May 2nd. CIBC decreased their target price on WestJet Airlines from C$22.00 to C$21.00 in a research report on Tuesday, April 23rd. Canaccord Genuity lifted their target price on Suncor Energy from C$55.00 to C$60.00 in a research report on Monday, March 11th. National Bank Financial decreased their target price on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Evercore ISI downgraded Suncor Energy from an “outperform” rating to an “in-line” rating and decreased their price objective for the company from C$58.00 to C$54.00 in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$54.47.
TSE SU traded up C$0.04 during trading on Friday, hitting C$40.69. 2,008,600 shares of the company traded hands, compared to its average volume of 3,628,729. Suncor Energy has a 12 month low of C$35.53 and a 12 month high of C$55.47. The business’s fifty day simple moving average is C$41.31. The company has a debt-to-equity ratio of 43.32, a current ratio of 0.88 and a quick ratio of 0.55. The company has a market cap of $64.21 billion and a P/E ratio of 16.53.
About Suncor Energy
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, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.
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