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Can the Suncorp (ASX:SUN) share price go higher from here? // Motley Fool Australia
The Suncorp Group Ltd (ASX: SUN) share price was on form on Wednesday and charged notably higher.
The insurance and banking giant’s shares rose almost 4% to $9.50.
Can the Suncorp share price go higher from here?
According to one leading broker, there could be plenty more upside for the Suncorp share price over the next 12 months.
A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $10.86 price target on the company’s shares following its quarterly update.
This price target implies potential upside of 14% excluding dividends, even after factoring in today’s solid gain.
What did the broker say?
Goldman has been looking through Suncorp’s first quarter banking update and notes that its home…
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