Suncorp Group (OTCMKTS:SNMCY) Shares Gap Down – Here’s What Happened

Suncorp Group Limited (OTCMKTS:SNMCY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.81, but opened at $13.11. Suncorp Group shares last traded at $13.11, with a volume of 205 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 stock has a consensus rating of “Hold”.

Suncorp Group Price Performance

The firm has a fifty day moving average of $13.57 and a 200 day moving average of $12.53.

Suncorp Group Company Profile

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane, Queensland. The group provides general insurance products and services to individuals, businesses and government-related customers in Australia and New Zealand.

Its Australian operations offer products including home, motor, commercial, workers’ compensation and compulsory third-party insurance. Suncorp markets insurance through brands such as AAMI, GIO, Apia, Shannons and Suncorp Insurance. In New Zealand, the group operates through brands including Vero and AA Insurance, providing personal and commercial general insurance products.

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