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• QBE - QBE INSURANCE GROUP LIMITED QBE has sold its Mortgage & Lender Services business in the US. This is consistent with the insurer's strategy to exit non-core businesses, the broker notes, in order to concentrate on commercial lines and specialty underwriting.
From next year and beyond the broker expects QBE to look for M&A opportunities, post non-core divestment. Outperform and $15.73 target retained.
Sector: Insurance.
Target price is $15.73.Current Price is $14.39. Difference: $1.34 - (brackets indicate current price is over target). If QBE meets the Macquarie target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss
Zess its looking good !!!!
QBE Price at posting:
$14.63 Sentiment: Buy Disclosure: Held
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