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    SUN   AU000000SUN6

SUNCORP GROUP LIMITED

(SUN)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Suncorp : Ord Minnett rates IAG as Accumulate

09/22/2021 | 10:31pm EDT

After reviewing potential economic losses as a result of the earthquake that struck Victoria, Ord Minnett believes the overall cost is likely to be around -US$100m. The broker doesn't adjust any of its forecasts.

The analyst considers Suncorp Group ((SUN)) would have greater risk than Insurance Australia Group or QBE Insurance Group ((QBE)) if it is a large event, via its higher maximum event retention. The Accumulate rating and $5.35 target price are retained.

Sector: Insurance.

Target price is $5.35.Current Price is $4.87. Difference: $0.48 - (brackets indicate current price is over target). If IAG meets the Ord Minnett target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

Stocks mentioned in the article
ChangeLast1st jan.
QBE INSURANCE GROUP LIMITED 1.82% 11.78 End-of-day quote.38.10%
SUNCORP GROUP LIMITED -0.24% 12.3 End-of-day quote.26.28%
All news about SUNCORP GROUP LIMITED
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Analyst Recommendations on SUNCORP GROUP LIMITED
More recommendations
Financials
Sales 2022 9 061 M 6 805 M 6 805 M
Net income 2022 979 M 735 M 735 M
Net Debt 2022 44,4 M 33,3 M 33,3 M
P/E ratio 2022 16,7x
Yield 2022 5,01%
Capitalization 15 586 M 11 710 M 11 705 M
EV / Sales 2022 1,72x
EV / Sales 2023 1,66x
Nbr of Employees 13 505
Free-Float 99,6%
Chart SUNCORP GROUP LIMITED
Duration : Period :
Suncorp Group Limited Technical Analysis Chart | SUN | AU000000SUN6 | MarketScreener
Technical analysis trends SUNCORP GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 12,30 AUD
Average target price 13,32 AUD
Spread / Average Target 8,33%
EPS Revisions
Managers and Directors
Steve Johnston Group Chief Executive Officer, MD & Director
Jeremy Robson Group Chief Financial Officer
Christine Frances McLoughlin Non-Executive Chairman
Adam Bennett Chief Information Officer
Douglas Francis McTaggart Independent Non-Executive Director
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