In a report released today, Scott Russell from UBS maintained a Buy rating on Suncorp Group Limited (SNMYF – Research Report), with a price target of AUD14.80. The company’s shares closed last Thursday at $8.05.
Russell covers the Financial sector, focusing on stocks such as Suncorp Group Limited, Medibank Private Ltd., and Challenger Limited. According to TipRanks, Russell has an average return of 1.5% and a 47.06% success rate on recommended stocks.
Suncorp Group Limited has an analyst consensus of Moderate Buy, with a price target consensus of $9.24.
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SNMYF market cap is currently $10.19B and has a P/E ratio of 14.46.
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Suncorp Group Ltd. is a financial services company, which engages in the provision of banking, wealth, and insurance products and services. It operates through the following segments: Insurance; Banking and Wealth; Suncorp New Zealand; and Corporate. The Insurance segment include design, manufacture and delivery of general and life insurance products and services. The Banking and Wealth segment comprises banking, financial planning, and superannuation and fund administration services. The Suncorp New Zealand segment consists general and life insurance products. The Corporate segment focuses in the investment of the Suncorp Group’s capital, Suncorp Group business strategy activities including business combinations and divestments) and Suncorp Group shared services. The company was founded oIn December 1996 and is headquartered in Brisbane, Australia.
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