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An announcement from Suncorp Group ( (AU:SUN) ) is now available.
Suncorp Group Limited has announced an update regarding its ongoing share buy-back program, with a total of 409,774 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 7,573,578 securities. This buy-back initiative is part of Suncorp’s strategy to optimize its capital structure and deliver value to shareholders, reflecting confidence in the company’s financial position and future prospects.
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, offering a range of products including banking, insurance, and wealth management services. The company primarily focuses on the Australian and New Zealand markets, providing solutions tailored to both personal and business customers.
YTD Price Performance: 8.26%
Average Trading Volume: 2,361,532
Technical Sentiment Signal: Buy
Current Market Cap: A$20.93B
For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.