Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report) shares gapped down prior to trading on Thursday. The stock had previously closed at $14.15, but opened at $12.98. Suncorp Group shares last traded at $12.94, with a volume of 5,162 shares.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Suncorp Group from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on SNMCY
Suncorp Group Trading Down 8.8%
Suncorp Group Company Profile
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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