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An announcement from Suncorp Group ( (AU:SUN) ) is now available.
Suncorp Group Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 7,983,352 securities bought back before the previous day and an additional 287,865 securities bought back on the previous day. This buy-back initiative is part of Suncorp’s strategic efforts to manage its capital structure effectively, 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$25.00 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 operates in the financial services industry, providing a range of banking, insurance, and wealth management products primarily in Australia and New Zealand. The company focuses on delivering comprehensive financial solutions to its customers, leveraging its strong market presence and diverse service offerings.
Average Trading Volume: 2,327,090
Technical Sentiment Signal: Buy
Current Market Cap: A$20.93B
See more data about SUN stock on TipRanks’ Stock Analysis page.