Gerdes Energy Research Reiterates “C$69.00” Price Target for Suncor Energy (TSE:SU)

Suncor Energy (TSE:SU) (NYSE:SU) has been assigned a C$69.00 target price by analysts at Gerdes Energy Research in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Gerdes Energy Research’s price objective would indicate a potential upside of 24.03% from the company’s previous close.

Several other analysts have also recently weighed in on SU. National Bankshares boosted their price objective on Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Raymond James upped their price target on Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday, November 14th. TD Securities upped their price target on Suncor Energy from C$60.00 to C$62.00 in a research note on Wednesday, November 13th. Desjardins raised Suncor Energy from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets raised Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$62.32.

Suncor Energy Stock Performance

Shares of TSE:SU opened at C$55.63 on Monday. The stock has a market capitalization of C$70.65 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$58.28. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. The business has a 50-day moving average price of C$53.75 and a two-hundred day moving average price of C$53.32.

Insider Activity at Suncor Energy

In other news, Senior Officer Shelley Powell sold 50,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Also, Senior Officer Kristopher Peter Smith sold 105,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$57.10, for a total value of C$5,995,185.00. 0.01% of the stock is currently owned by corporate insiders.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.