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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, revealing that a total of 559,535 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 5,627,725 securities repurchased prior. This buy-back initiative is part of Suncorp’s strategy to optimize its capital structure and deliver value to its shareholders, potentially impacting the market perception of the company’s financial health and stability.
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 and banking products primarily in Australia and New Zealand. The company focuses on offering general insurance, banking, life insurance, and wealth management services.
YTD Price Performance: 9.89%
Average Trading Volume: 2,439,896
Technical Sentiment Signal: Buy
Current Market Cap: A$21.25B
Learn more about SUN stock on TipRanks’ Stock Analysis page.