Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $12.88, but opened at $13.2350. Suncorp Group shares last traded at $12.92, with a volume of 4,795 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Suncorp Group from a “strong sell” rating to a “hold” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Suncorp Group has a consensus rating of “Hold”.
Read Our Latest Report on Suncorp Group
Suncorp Group Trading Up 1.8%
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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