Suncorp Group (OTCMKTS:SNMCY) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Suncorp Group (OTCMKTS:SNMCY – Get Rating) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Suncorp Group from an overweight rating to a neutral rating in a research note on Wednesday, January 11th. Morgan Stanley raised Suncorp Group from an underweight rating to an equal weight rating in a research note on Wednesday, November 9th.

Suncorp Group Stock Performance

OTCMKTS:SNMCY opened at $8.77 on Tuesday. Suncorp Group has a 52 week low of $6.15 and a 52 week high of $9.01. The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $7.60.

About Suncorp Group

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Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.