QBE Insurance Group Limited Stock Rating Reaffirmed by Commonwealth Bank (QBE)
QBE Insurance Group Limited (ASX:QBE)‘s stock had its “neutral” rating restated by stock analysts at Commonwealth Bank in a report issued on Wednesday, ARN reports.
QBE Insurance Group Limited (ASX:QBE) traded down 3.50% during mid-day trading on Wednesday, hitting A$14.620. The stock had a trading volume of 345,700 shares. QBE Insurance Group Limited has a 1-year low of A$10.020 and a 1-year high of A$17.530. The stock has a 50-day moving average of A$15.81 and a 200-day moving average of A$15.03. The company has a market cap of A$17.807 billion and a P/E ratio of 40.72.
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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