Mizuho Cuts Suncor Energy (SU) Price Target to C$59.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price cut by Mizuho from C$61.00 to C$59.00 in a research report released on Friday morning.

A number of other research analysts have also recently weighed in on SU. TD Securities lifted their target price on shares of Suncor Energy from C$58.00 to C$59.00 and gave the company a buy rating in a research note on Thursday, July 26th. BMO Capital Markets lifted their target price on shares of Suncor Energy from C$58.00 to C$60.00 in a research note on Thursday, July 26th. National Bank Financial lifted their target price on shares of Suncor Energy from C$64.00 to C$65.00 and gave the company an outperform rating in a research note on Friday, July 27th. Canaccord Genuity lifted their target price on shares of Suncor Energy from C$58.00 to C$64.00 in a research note on Tuesday, July 10th. Finally, CSFB lifted their target price on shares of Suncor Energy from C$56.00 to C$65.00 in a research note on Wednesday, July 11th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$60.75.

SU opened at C$44.63 on Friday. Suncor Energy has a fifty-two week low of C$40.49 and a fifty-two week high of C$55.47.

In other Suncor Energy news, insider Janice Odegaard sold 60,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of C$54.00, for a total value of C$3,240,000.00.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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Analyst Recommendations for Suncor Energy (TSE:SU)

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