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Suncorp Group ( (AU:SUN) ) has shared an announcement.
Suncorp Group Limited has announced a daily update on its ongoing on-market buy-back program, with a total of 2,459,555 securities bought back before the previous day and an additional 627,710 securities acquired on the previous day. This buy-back initiative is part of Suncorp’s strategy to optimize its capital structure and enhance shareholder value, reflecting positively on its market positioning and commitment to returning value to its stakeholders.
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, primarily offering insurance, banking, and wealth management products. The company focuses on providing comprehensive financial solutions to its customers in Australia and New Zealand.
YTD Price Performance: 9.55%
Average Trading Volume: 2,411,124
Technical Sentiment Signal: Buy
Current Market Cap: A$21.18B
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.