Insurance Australia Group Limited Rating Reiterated by UBS AG (IAG)
Insurance Australia Group Limited (ASX:IAG)‘s stock had its “accumulate” rating reaffirmed by equities research analysts at UBS AG in a research note issued to investors on Monday, American Banking News reports.
IAG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Insurance Australia Group Limited from $5.80 to $5.60 in a research note to investors on Friday, January 3rd.
Shares of Insurance Australia Group Limited (ASX:IAG) traded down 1.03% during mid-day trading on Monday, hitting A$5.790. The stock had a trading volume of 4,648,235 shares. Insurance Australia Group Limited has a 52 week low of A$3.210 and a 52 week high of A$6.080. The stock’s 50-day moving average is A$5.74 and its 200-day moving average is A$5.23. The company has a market cap of A$11.959 billion and a P/E ratio of 16.07.
Insurance Australia Group Limited is engaged in underwriting of general insurance and related corporate services and investing activities.
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