To follow through on the UBS upgrade
- COMMENTARY
According to UBS, QBE Insurance Group may finally be positioned to deliver sustained earnings recovery following return on equity disappointment that has plagued the property insurance and casualty insurance sector for the last decade.
The broker expects a combination of interest rates, Australian housing trends, industry trends and initiatives being undertaken by QBE to drive earnings, and increases its FY22 cash earnings forecast by 18%.
The Buy rating is retained and the target price increases to $15.00 from $13.55.
FORECAST
UBS forecasts a full year FY21 dividend of 56.94 cents and EPS of 84.75 cents.
UBS forecasts a full year FY22 dividend of 80.77 cents and EPS of 103.28 cents.
Ann: 2021 Half Year Results Presentation, page-34
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Last
$16.90 |
Change
0.105(0.63%) |
Mkt cap ! $25.42B | |||
| Open | High | Low | Value | Volume |
| $16.86 | $17.05 | $16.85 | $37.32M | 2.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 3610 | $16.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.90 | 3620 | 15 |
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| Last trade - 15.17pm 23/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |