Suncor Energy (TSE:SU) Price Target Raised to C$65.00 at UBS Group

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective increased by UBS Group from C$61.00 to C$65.00 in a report released on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on SU. TD Securities lifted their price objective on shares of Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Raymond James lifted their price objective on shares of Suncor Energy from C$52.00 to C$56.00 in a report on Thursday, November 14th. National Bankshares lifted their price objective on shares of Suncor Energy from C$73.00 to C$76.00 in a report on Thursday, November 14th. Desjardins upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group decreased their price objective on shares of Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$61.81.

Suncor Energy Price Performance

SU stock opened at C$57.50 on Monday. Suncor Energy has a 12 month low of C$40.07 and a 12 month high of C$57.69. 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 company has a 50-day moving average price of C$53.31 and a 200 day moving average price of C$53.22. The stock has a market cap of C$73.03 billion, a PE ratio of 9.88, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 25th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, September 4th. Suncor Energy’s payout ratio is 37.46%.

Insider Activity

In other news, Senior Officer Kristopher Peter Smith sold 105,000 shares of Suncor Energy stock in a transaction on 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. Also, Senior Officer Shelley Powell sold 50,000 shares of Suncor Energy stock in a transaction on Thursday, November 14th. The shares were sold at an average price of C$56.87, for a total transaction of C$2,843,700.00. Insiders own 0.01% of the company’s stock.

About Suncor Energy

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.