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Suncorp Group ( (AU:SUN) ) has issued an update.
Suncorp Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 7,299,043 securities bought back before the previous day and an additional 274,535 securities acquired on the previous day. This buy-back initiative is part of Suncorp’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$23.15 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 operates in the financial services industry, providing a range of insurance and banking products primarily in Australia and New Zealand. The company focuses on offering general insurance, banking, and wealth management services to its customers.
Average Trading Volume: 2,344,423
Technical Sentiment Signal: Buy
Current Market Cap: A$21.19B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.