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Suncorp Group ( (AU:SUN) ) just unveiled an announcement.
Suncorp Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 278,877 ordinary fully paid securities bought back on the previous day. This strategic move is part of the company’s efforts to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.
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, providing comprehensive solutions to meet the financial needs of its customers.
YTD Price Performance: 10.17%
Average Trading Volume: 2,456,253
Technical Sentiment Signal: Buy
Current Market Cap: A$21.3B
For an in-depth examination of SUN stock, go to TipRanks’ Overview page.