Suncorp Group (OTCMKTS:SNMCY) Shares Gap Down – Here’s Why

Suncorp Group Limited (OTCMKTS:SNMCYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $13.97, but opened at $13.3960. Suncorp Group shares last traded at $13.3960, with a volume of 2,370 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Suncorp Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Read Our Latest Stock Report on SNMCY

Suncorp Group Stock Performance

The stock’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $12.74.

About Suncorp Group

(Get Free Report)

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane, Queensland. The group provides general insurance products and services to individuals, businesses and government-related customers in Australia and New Zealand.

Its Australian operations offer products including home, motor, commercial, workers’ compensation and compulsory third-party insurance. Suncorp markets insurance through brands such as AAMI, GIO, Apia, Shannons and Suncorp Insurance. In New Zealand, the group operates through brands including Vero and AA Insurance, providing personal and commercial general insurance products.

Suncorp was formed in 1996 through the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation.

Further Reading

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