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Suncorp Group ( (AU:SUN) ) has shared an announcement.
Suncorp Group Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 3,087,265 ordinary fully paid securities have been bought back before the previous day, with an additional 430,350 securities acquired on the previous day. This buy-back initiative is part of Suncorp’s strategy to manage its capital efficiently and potentially enhance shareholder value by reducing the number of outstanding shares.
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, providing a range of insurance, banking, and wealth management products primarily in Australia and New Zealand.
Average Trading Volume: 2,412,277
Technical Sentiment Signal: Buy
Current Market Cap: A$21.36B
Find detailed analytics on SUN stock on TipRanks’ Stock Analysis page.