Morgan Stanley analyst Andrei Stadnik maintained a Buy rating on Suncorp Group Limited (SNMYF – Research Report) today and set a price target of A$17.05. The company’s shares closed yesterday at $10.80.
According to TipRanks, Stadnik is a 4-star analyst with an average return of 7.6% and a 58.86% success rate. Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, ASX Limited, and QBE Insurance Group Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncorp Group Limited with a $11.06 average price target.
SNMYF market cap is currently $13.59B and has a P/E ratio of 17.39.
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Suncorp Group Limited (SNMYF) Company Description:
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.
