Macquarie Reaffirms Outperform Rating on QBE Insurance Group Limited (QBE)
QBE Insurance Group Limited (ASX: QBE)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a report issued on Tuesday. They currently have a $15.05 (15 AUD) target price on the stock.
QBE Insurance Group Limited traded down 2.35% on Tuesday, hitting A$13.710. QBE Insurance Group Limited has a 52-week low of A$9.880 and a 52-week high of A$15.490. The company has a market cap of A$16.150 billion and a price-to-earnings ratio of 21.14.
QBE Insurance Group Limited is engaged in underwriting general insurance and reinsurance risks, management of Lloyd’s syndicates and investment management.
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