Suncorp Group (OTCMKTS:SNMCY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.
Suncorp Group Price Performance
SNMCY stock opened at $13.18 on Thursday. The firm has a 50 day moving average of $13.64 and a two-hundred day moving average of $12.96. Suncorp Group has a 12 month low of $9.43 and a 12 month high of $15.66.
About Suncorp Group
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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