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Suncorp Group ( (AU:SUN) ) has issued an announcement.
Suncorp Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 3,680,525 securities bought back before the previous day and an additional 213,550 securities acquired on the previous day. This buy-back initiative is part of Suncorp’s strategy 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 Hold with a A$20.50 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 operates in the financial services industry, offering a range of products including banking, insurance, and wealth management services. The company primarily focuses on the Australian and New Zealand markets, serving a diverse customer base with its comprehensive financial solutions.
Average Trading Volume: 2,438,952
Technical Sentiment Signal: Buy
Current Market Cap: A$21.24B
For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.