Suncorp Group (OTCMKTS:SNMCY) Shares Gap Up – Should You Buy?

Suncorp Group Limited (OTCMKTS:SNMCY) gapped up prior to trading on Friday . The stock had previously closed at $13.59, but opened at $14.3350. Suncorp Group shares last traded at $14.51, with a volume of 33,599 shares trading hands.

Analyst Ratings Changes

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

Suncorp Group Stock Up 4.7%

The stock’s fifty day simple moving average is $13.57 and its 200 day simple moving average is $12.55.

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.