Morgan Stanley Keeps Their Buy Rating on Suncorp Group (SNMYF)
Morgan Stanley analyst Andrei Stadnik maintained a Buy rating on Suncorp Group (SNMYF – Research Report) today and set a price target of A$25.00. The company's shares closed last Friday at $13.81.
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According to TipRanks, Stadnik is a 4-star analyst with an average return of 6.8% and a 55.30% success rate. Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, QBE Insurance Group Limited, and Computershare Limited.
Currently, the analyst consensus on Suncorp Group is a Moderate Buy with an average price target of $13.89.
SNMYF market cap is currently $14.93B and has a P/E ratio of 16.07.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNMYF in relation to earlier this year.
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