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The latest update is out from Suncorp Group ( (AU:SUN) ).
Suncorp Group Limited has announced an update on its on-market buy-back program, revealing that a total of 166,567 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 7,132,476 securities repurchased. This buy-back initiative is part of Suncorp’s strategy to optimize its capital structure and return value to shareholders, reflecting a strong financial position and confidence in its future performance.
The most recent analyst rating on (AU:SUN) stock is a Buy with a A$23.15 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. The company focuses on delivering financial solutions to individuals and businesses, aiming to enhance customer experience and shareholder value.
Average Trading Volume: 2,379,552
Technical Sentiment Signal: Buy
Current Market Cap: A$21.13B
For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.