Shares of Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report) 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 changing hands.
Analyst Ratings Changes
Separately, Zacks Research cut shares of Suncorp Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Report on Suncorp Group
Suncorp Group Stock Performance
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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