Desjardins Increases Suncor Energy (TSE:SU) Price Target to C$85.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by investment analysts at Desjardins from C$79.00 to C$85.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 15.71% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Gerdes Energy Research increased their price objective on Suncor Energy from C$75.00 to C$78.00 in a research report on Monday, November 10th. Scotiabank upped their price target on shares of Suncor Energy from C$62.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada raised their price target on shares of Suncor Energy from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company set a C$57.00 price objective on shares of Suncor Energy and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Finally, TD Securities increased their target price on shares of Suncor Energy from C$74.00 to C$81.00 in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$72.79.

Suncor Energy Price Performance

Shares of SU opened at C$73.46 on Thursday. The company’s 50-day moving average is C$64.57 and its 200-day moving average is C$59.60. 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 firm has a market capitalization of C$87.68 billion, a PE ratio of 15.15, a PEG ratio of 0.15 and a beta of 0.89. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$75.50.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. Equities analysts forecast that Suncor Energy will post 4.4208333 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Douglas Zebedee sold 43,364 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$62.53, for a total value of C$2,711,550.92. Also, insider Kristopher Peter Smith sold 112,600 shares of Suncor Energy stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of C$61.74, for a total transaction of C$6,951,924.00. Following the sale, the insider directly owned 48,482 shares in the company, valued at C$2,993,278.68. This trade represents a 69.90% decrease in their ownership of the stock. Over the last 90 days, insiders sold 164,675 shares of company stock valued at $10,208,871. 0.01% of the stock is currently owned by corporate insiders.

More Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: Suncor beat Q4 expectations and reported record quarterly production despite weak oil prices — supports near‑term cash flow and demonstrates operational resilience. Read More. Read More.
• Positive Sentiment: Multiple brokerages raised targets/ratings — notably Desjardins, BMO, National Bank and others lifted targets into the C$75–85 range (Desjardins and BMO to C$85, Raymond James to C$76, RBC to C$75). These upgrades and higher targets drive buy‑side momentum and helped push the shares to a one‑year high. Read More. Read More. Read More.
• Neutral Sentiment: TD Securities commentary flagged upside potential for the shares — supportive for sentiment but dependent on oil-price and production execution. Read More.
• Negative Sentiment: ATB Capital left a lower relative view (price target C$71, “sector perform”), implying limited near‑term upside versus peers — a cautionary datapoint amid the upbeat upgrades. Read More.

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. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.