QBE Insurance Group Limited Stock Rating Reaffirmed by Macquarie (QBE)
QBE Insurance Group Limited (ASX: QBE)‘s stock had its “neutral” rating reaffirmed by Macquarie in a research note issued on Tuesday. They currently have a $13.44 (13 AUD) price target on the stock.
A number of other firms have also recently commented on QBE. Analysts at Nomura reiterated a “buy” rating on shares of QBE Insurance Group Limited in a research note to investors on Thursday, January 10th. They now have a $14.74 price target on the stock. Separately, analysts at CIMB reiterated a “neutral” rating on shares of QBE Insurance Group Limited in a research note to investors on Wednesday, December 12th. They now have a $12.73 price target on the stock. Finally, analysts at BBY Limited reiterated an “underperform” rating on shares of QBE Insurance Group Limited in a research note to investors on Monday, December 10th. They now have a $9.47 price target on the stock.
QBE Insurance Group Limited remained flat at A$11.530 during trading on Tuesday. QBE Insurance Group Limited has a 52-week low of A$10.020 and a 52-week high of A$14.710. The stock’s 50-day moving average is currently A$10.85. The company has a market cap of A$13.582 billion and a price-to-earnings ratio of 17.36.
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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