Zacks Research lowered shares of Suncorp Group (OTCMKTS:SNMCY – Free Report) from a hold rating to a strong sell rating in a report issued on Thursday,Zacks reports.
Suncorp Group Price Performance
OTCMKTS SNMCY opened at $13.18 on Thursday. Suncorp Group has a 12-month low of $9.43 and a 12-month high of $15.66. The firm has a 50-day moving average price of $13.64 and a two-hundred day moving average price of $12.96.
About Suncorp Group
Suncorp Group Limited is an Australian general insurance company serving customers in Australia and New Zealand. The company provides personal and commercial insurance products, including coverage for homes, motor vehicles, businesses, farms, travel and other property and liability risks.
Suncorp operates through a portfolio of well-known insurance brands, including Suncorp, AAMI, GIO, Apia, Shannons and Vero in Australia, as well as AA Insurance in New Zealand. Its offerings are distributed through direct channels, brokers, financial institutions and other business partners.
The company was formed in 1996 through the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation.
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