Suncorp Group (SNMYF) Receives a Hold from Macquarie

In a report released yesterday, from Macquarie maintained a Hold rating on Suncorp Group (SNMYF – Research Report), with a price target of A$19.20. The company’s shares closed last Tuesday at $12.06.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncorp Group with a $13.90 average price target, which is a 15.26% upside from current levels. In a report released on May 9, UBS also maintained a Hold rating on the stock with a A$21.35 price target.

Based on Suncorp Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.35 billion and a net profit of $1.1 billion. In comparison, last year the company earned a revenue of $9.5 billion and had a net profit of $582 million

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.