QBE Insurance Group Limited Stock Rating Reaffirmed by JPMorgan Chase (QBE)
QBE Insurance Group Limited (ASX: QBE)‘s stock had its “neutral” rating reiterated by investment analysts at JPMorgan Chase in a note issued to investors on Wednesday. They currently have a $13.97 (14 AUD) target price on the stock.
QBE Insurance Group Limited traded up 3.37% on Wednesday, hitting A$13.180. QBE Insurance Group Limited has a 1-year low of A$10.020 and a 1-year high of A$14.710. The stock’s 50-day moving average is currently A$12.2.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIMB reiterated a “neutral” rating on shares of QBE Insurance Group Limited in a research note to investors on Tuesday. They now have a $13.52 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of QBE Insurance Group Limited in a research note to investors on Thursday, February 21st. They now have a $14.43 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of QBE Insurance Group Limited in a research note to investors on Wednesday, February 13th. They now have a $13.51 price target on the stock.
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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