Suncorp Group (OTCMKTS:SNMCY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday, Zacks reports.
Suncorp Group Trading Down 0.5%
OTCMKTS:SNMCY opened at $13.18 on Thursday. Suncorp Group has a one year low of $9.43 and a one year high of $15.66. The business’s 50-day simple moving average is $13.64 and its 200 day simple moving average is $12.96.
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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