daytrading august 2 afternoon, page-18

Hi Patchen,

I have this report from yesterday if it helps re: QBE.

Macquarie rates QBE as Outperform (1) -

Macquarie finds the operating environment for QBE continues to improve, following recent positive indicators for US premium growth and cost cutting.

The Outperform rating is maintained and the price target is raised to $17.80 from $17.40.

Target price is $17.80 Current Price is $16.47 Difference: $1.33
If QBE meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges).

The company's fiscal year ends in December. Macquarie forecasts a full year FY13 dividend of 54.37 cents and EPS of 111.49 cents. At the last closing share price the estimated dividend yield is 3.30%.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.77.

Market Sentiment: 0.3

Current consensus EPS estimate is 110.8, implying annual growth of 79.9%.
Current consensus DPS estimate is 55.3, implying a prospective dividend yield of 3.3%.
Current consensus price target is $ 16.37, suggesting downside of - 2.1%(ex-dividends).
Current consensus EPS estimate suggests the PER is 15.1.