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Suncorp Group ( (AU:SUN) ) just unveiled an update.
Suncorp Group Limited has completed the redemption of A$250 million in wholesale, floating rate subordinated notes issued in September 2020. This redemption, approved by the Australian Prudential Regulation Authority, signifies Suncorp’s ongoing financial management strategy, though it does not indicate future actions regarding other regulatory capital instruments.
The most recent analyst rating on (AU:SUN) stock is a Hold with a A$19.00 price target. To see the full list of analyst forecasts on Suncorp Group stock, see the AU:SUN Stock Forecast page.
More about Suncorp Group
Suncorp Group Limited is a financial services company based in Australia, primarily engaged in providing insurance and banking products. The company focuses on delivering a range of financial solutions to individual and corporate clients, with a strong presence in the Australian market.
YTD Price Performance: -1.65%
Average Trading Volume: 2,432,537
Technical Sentiment Signal: Hold
Current Market Cap: A$19.02B
See more insights into SUN stock on TipRanks’ Stock Analysis page.