JPMorgan Liking QBE Insurance on Valuation Grounds -- Market Talk
Posted on 3 February 2015 9:52 | Dow Jones Institutional News
2252 GMT [Dow Jones] On valuation grounds at least, QBE Insurance (QBE.AU) has a fan in JP Morgan. It notes the insurer is trading on about 9.5 times 2016 earnings, low among its peers. The brokerage tinkers with its model, resulting in a 2.1% lift in its forecast for 2014 adjusted profit to US$765M, and increases of 2.8% and 2.3% in its 2015 and 2016 forecasts, respectively. It has an overweight recommendation and A$12/share target. QBE last traded at A$10.49. ([email protected]; Twitter: @RobbMStewart)
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Last
$16.48 |
Change
0.400(2.49%) |
Mkt cap ! $24.80B |
Open | High | Low | Value | Volume |
$16.20 | $16.55 | $16.17 | $85.69M | 5.213M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2203 | $16.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.50 | 15936 | 7 |
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No. | Vol. | Price($) |
---|---|---|
1 | 2203 | 16.470 |
2 | 80689 | 16.460 |
4 | 108551 | 16.440 |
4 | 105303 | 16.420 |
2 | 1357 | 16.410 |
Price($) | Vol. | No. |
---|---|---|
16.500 | 15936 | 7 |
16.520 | 23151 | 3 |
16.530 | 13879 | 1 |
16.540 | 10000 | 1 |
16.550 | 13989 | 3 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
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