The Goldman Sachs Group Initiates Coverage on Suncorp Group (OTCMKTS:SNMCY)

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

SNMCY has been the topic of several other reports. Morgan Stanley upgraded shares of Suncorp Group from an underweight rating to an equal weight rating in a research report on Wednesday, November 9th. JPMorgan Chase & Co. lowered shares of Suncorp Group from an overweight rating to a neutral rating in a research note on Wednesday, January 11th.

Suncorp Group Trading Down 0.2 %

OTCMKTS SNMCY opened at $8.77 on Tuesday. Suncorp Group has a twelve month low of $6.15 and a twelve month high of $9.01. The firm’s 50 day moving average price is $8.11 and its two-hundred day moving average price 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.