Macquarie Reiterates Underperform on Suncorp Group Ltd (SUN)
Suncorp Group Ltd (ASX: SUN)‘s stock had its “underperform” rating reaffirmed by research analysts at Macquarie in a report released on Thursday. They currently have a $10.65 (10 AUD) target price on the stock.
Shares of Suncorp Group Ltd traded up 0.94% during mid-day trading on Thursday, hitting A$10.780. Suncorp Group Ltd has a one year low of A$7.500 and a one year high of A$9.560. The stock’s 50-day moving average is currently A$9.27. The company has a market cap of A$13.870 billion and a P/E ratio of 19.14.
SUN has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Suncorp Group Ltd in a research note to investors on Tuesday, November 13th. They now have a $9.38 price target on the stock. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Suncorp Group Ltd in a research note to investors on Monday, November 12th. They now have a $10.53 price target on the stock.
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