Insurance Australia Group Limited Stock Rating Reaffirmed by UBS AG (IAG)
Insurance Australia Group Limited (ASX:IAG)‘s stock had its “accumulate” rating restated by analysts at UBS AG in a research report issued to clients and investors on Tuesday, Stock Ratings Network.com reports.
Shares of Insurance Australia Group Limited (ASX:IAG) traded down 4.33% during mid-day trading on Tuesday, hitting A$5.520. 24,025,756 shares of the company’s stock traded hands. Insurance Australia Group Limited has a 52 week low of A$3.210 and a 52 week high of A$6.080. The stock has a 50-day moving average of A$5.74 and a 200-day moving average of A$5.23. The company has a market cap of A$11.401 billion and a P/E ratio of 15.85.
Several other analysts have also recently commented on the stock. 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.
Insurance Australia Group Limited is engaged in underwriting of general insurance and related corporate services and investing activities.
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