Wells Fargo & Company Issues Pessimistic Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SUGet Free Report) (NYSE:SU) had its price target decreased by equities research analysts at Wells Fargo & Company from C$66.00 to C$64.00 in a report issued on Monday,BayStreet.CA reports. Wells Fargo & Company‘s target price suggests a potential upside of 17.28% from the company’s previous close.

A number of other research firms have also weighed in on SU. Royal Bank of Canada increased their price objective on shares of Suncor Energy from C$64.00 to C$66.00 in a research report on Thursday, November 14th. Scotiabank increased their price objective on shares of Suncor Energy from C$59.00 to C$62.00 in a research note on Wednesday, November 13th. UBS Group increased their price objective on shares of Suncor Energy from C$61.00 to C$65.00 in a research note on Monday, November 18th. Raymond James increased their price objective on shares of Suncor Energy from C$52.00 to C$56.00 in a research note on Thursday, November 14th. Finally, Gerdes Energy Research set a C$69.00 price objective on shares of Suncor Energy and gave the company a “buy” rating in a research note on Monday, November 25th. Four equities 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$62.96.

View Our Latest Report on SU

Suncor Energy Price Performance

Shares of TSE SU traded up C$0.26 during mid-day trading on Monday, hitting C$54.57. 8,798,315 shares of the company’s stock traded hands, compared to its average volume of 8,220,287. The company’s 50-day moving average is C$54.46 and its two-hundred day moving average is C$53.38. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The company has a market capitalization of C$69.30 billion, a P/E ratio of 9.37, a PEG 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.

Insider Buying and Selling

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

Suncor Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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