Suncorp Group (OTCMKTS:SNMCY) Stock Bumped Down to “Strong Sell” by Zacks Research

Suncorp Group (OTCMKTS:SNMCY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Suncorp Group Stock Performance

SNMCY opened at $13.18 on Thursday. The stock’s 50 day moving average price is $13.64 and its 200 day moving average price is $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.