QBE Insurance Group Limited Given “Neutral” Rating at Commonwealth Bank (QBE)
QBE Insurance Group Limited (ASX:QBE)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Commonwealth Bank in a research note issued to investors on Tuesday, Stock Ratings Network reports.
QBE Insurance Group Limited (ASX:QBE) traded down 0.03% during mid-day trading on Tuesday, hitting A$14.925. 1,337,051 shares of the company’s stock traded hands. QBE Insurance Group Limited has a 1-year low of A$0.000 and a 1-year high of A$0.000. The stock’s 50-day moving average is A$0.0 and its 200-day moving average is A$0.0. The company has a market cap of A$18.179 billion and a P/E ratio of 41.13.
Separately, analysts at UBS AG reiterated a “neutral” rating on shares of QBE Insurance Group Limited (ASX:QBE) in a research note to investors on Sunday, June 23rd.
One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of A$12.18 ($11.27).
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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