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Suncorp Group ( (AU:SUN) ) just unveiled an update.
Suncorp Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 276,942 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 1,738,618 securities. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial stability.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$23.00 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, offering a range of banking, insurance, and wealth management products primarily in Australia and New Zealand. The company focuses on providing comprehensive financial solutions to individual and business clients, positioning itself as a key player in the regional financial markets.
Average Trading Volume: 2,413,640
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$22.47B
Learn more about SUN stock on TipRanks’ Stock Analysis page.