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Suncorp Group ( (AU:SUN) ) has provided an update.
Suncorp Group Limited has announced an update regarding its ongoing on-market buy-back program, with a recent purchase of 259,103 ordinary fully paid securities. This buy-back initiative is part of the company’s strategic efforts to optimize its capital structure and deliver value to shareholders by returning surplus capital.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$22.50 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 prominent player in the financial services industry, primarily offering banking, insurance, and wealth management services. The company focuses on providing comprehensive financial solutions to a diverse range of customers, enhancing its market presence in Australia and New Zealand.
YTD Price Performance: 12.91%
Average Trading Volume: 2,498,405
Technical Sentiment Signal: Buy
Current Market Cap: A$21.83B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.