Jefferies Financial Group Increases Suncor Energy (TSE:SU) Price Target to C$59.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by Jefferies Financial Group from C$58.00 to C$59.00 in a report published on Monday morning,BayStreet.CA reports.

A number of other research firms have also recently commented on SU. UBS Group upped their price objective on Suncor Energy from C$61.00 to C$65.00 in a report on Monday, November 18th. Raymond James upped their price objective on 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. TD Securities upped their price objective on Suncor Energy from C$60.00 to C$62.00 in a report on Wednesday, November 13th. Royal Bank of Canada decreased their price objective on Suncor Energy from C$66.00 to C$65.00 in a report on Tuesday, January 14th. Finally, Gerdes Energy Research set a C$69.00 price objective on Suncor Energy and gave the company a “buy” rating in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Suncor Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$62.61.

Suncor Energy Price Performance

SU stock opened at C$54.83 on Monday. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. The business has a 50 day simple moving average of C$54.74 and a 200-day simple moving average of C$54.04. The firm has a market capitalization of C$68.77 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. Suncor Energy has a 1 year low of C$45.12 and a 1 year high of C$58.58.

Suncor Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 24th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.16%. This is a boost from Suncor Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Tuesday, December 3rd. Suncor Energy’s dividend payout ratio is 34.42%.

Suncor Energy Company Profile

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.