Suncor Energy (TSE:SU) Given New C$43.00 Price Target at GMP Securities

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Suncor Energy (TSE:SU) (NYSE:SU) had its target price hoisted by GMP Securities from C$39.00 to C$43.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the company. Evercore decreased their price target on Suncor Energy from C$50.00 to C$45.00 in a report on Thursday, October 10th. Raymond James reissued an outperform rating and set a C$48.00 price objective on shares of Suncor Energy in a report on Friday, November 1st. Canaccord Genuity dropped their price objective on Suncor Energy from C$59.00 to C$58.00 in a report on Tuesday, November 26th. Citigroup reduced their target price on shares of Suncor Energy from C$55.00 to C$47.00 in a research note on Tuesday, October 8th. Finally, CIBC lowered their price target on shares of Suncor Energy from C$55.00 to C$53.00 in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of C$50.56.

TSE SU opened at C$40.71 on Tuesday. The stock has a market capitalization of $62.57 billion and a P/E ratio of 12.94. Suncor Energy has a 52 week low of C$35.53 and a 52 week high of C$46.50. The company has a debt-to-equity ratio of 39.15, a quick ratio of 0.58 and a current ratio of 0.96. The stock has a fifty day moving average of C$41.07 and a 200-day moving average of C$40.50.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.13%. The ex-dividend date is Monday, December 2nd. Suncor Energy’s payout ratio is 51.51%.

In other Suncor Energy news, Senior Officer Eric Charles Axford sold 95,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of C$43.09, for a total value of C$4,093,569.00. Also, Senior Officer Michael Roderick Macsween sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$42.41, for a total transaction of C$848,166.00.

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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Analyst Recommendations for Suncor Energy (TSE:SU)

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