ASX:SUNInsurance
A Look At Suncorp Group (ASX:SUN) Valuation After Buy Rating Upgrade And A$400 Million Buyback Announcement
Goldman Sachs has upgraded Suncorp Group (ASX:SUN) to a ‘Buy’ rating, coinciding with the insurer outlining plans to sell its banking division, return A$400 million via a share buyback, and maintain shareholder dividends.
See our latest analysis for Suncorp Group.
Suncorp’s latest moves come after a tougher period for the share price, with a 90 day share price return of a 16.78% decline and a year to date share price return of a 4.44% decline, even though the 3 year total shareholder return...