Suncor Energy (TSE:SU) Upgraded to Hold at Scotiabank

Suncor Energy (TSE:SU) (NYSE:SU) was upgraded by stock analysts at Scotiabank to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company decreased their price objective on Suncor Energy from C$66.00 to C$64.00 in a report on Monday, December 9th. National Bankshares lifted their target price on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Royal Bank of Canada lowered their price target on shares of Suncor Energy from C$66.00 to C$65.00 in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Suncor Energy from C$59.00 to C$61.00 in a report on Friday, December 13th. Finally, Raymond James boosted their target price on shares of Suncor Energy from C$57.00 to C$58.00 and gave the company a “market perform” rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$62.96.

Suncor Energy Price Performance

Shares of TSE SU opened at C$53.72 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 0.83 and a debt-to-equity ratio of 33.35. The stock has a fifty day simple moving average of C$54.86 and a two-hundred day simple moving average of C$53.76. Suncor Energy has a 1-year low of C$48.41 and a 1-year high of C$58.58. The firm has a market cap of C$67.38 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47.

About Suncor Energy

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.