Skip to Content

Suncorp Group Ltd (SUN) $10.25

Queensland based SUN has forecast its maximum retained cost from the floods will be about $75mn but although the stock delivered a solid result last month sentiment is clearly against the sector due to the combination of a nervous stock market, bond yields upside momentum waning on economic concerns around Ukraine and now the floods. The stocks strong yield and recent 24% pullback leaves us neutral to slightly bullish SUN.

MM is neutral to positive SUN around $10
Add To Hit List
image description
Suncorp Group Ltd (SUN)
image description

Relevant suggested news and content from the site

Back to top