Suncorp Group (OTCMKTS:SNMCY) Shares Gap Up – What’s Next?

Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report)’s share price gapped up before the market opened on Wednesday. The stock had previously closed at $13.34, but opened at $14.3940. Suncorp Group shares last traded at $14.45, with a volume of 5,704 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Suncorp Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on SNMCY

Suncorp Group Trading Up 4.3%

The firm’s fifty day moving average price is $13.70 and its two-hundred day moving average price is $12.86.

About Suncorp Group

(Get Free Report)

Suncorp Group Limited is an Australian general insurance company serving customers in Australia and New Zealand. The company provides personal and commercial insurance products, including coverage for homes, motor vehicles, businesses, farms, travel and other property and liability risks.

Suncorp operates through a portfolio of well-known insurance brands, including Suncorp, AAMI, GIO, Apia, Shannons and Vero in Australia, as well as AA Insurance in New Zealand. Its offerings are distributed through direct channels, brokers, financial institutions and other business partners.

The company was formed in 1996 through the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation.

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