Suncorp Group (OTCMKTS:SNMCY) Shares Gap Up – What’s Next?

Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $13.47, but opened at $14.03. Suncorp Group shares last traded at $13.7450, with a volume of 911 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Suncorp Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Read Our Latest Report on SNMCY

Suncorp Group Stock Down 0.1%

The stock has a fifty day simple moving average of $13.62 and a 200 day simple moving average of $13.03.

Suncorp Group Company Profile

(Get Free Report)

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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