QBE Insurance Price Target Raised 2.6% to A$19.50/Share by UBS01/11/2023 9:14AM No story, headline only
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QBE is the most interest rate sensitive stock on the ASX, IMHO.
While we all hang on the next interest rate setting, QBE capitalises it. Two decade + of falling then near zero interest rates meant it was always on the wrong side of the game - despite being a quality operation with full knowledge and every tool to protect itself.
This insurer doesn't need further I rises to make good money - it just needs the wriggle room of positive rates to trade within.
30 June, it said the passing yield on its bond ladder was 4.5%. Realised yields six months later would be better.
M&A awaits opportunity, currently absent.
Ash
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Last
$17.53 |
Change
-0.270(1.52%) |
Mkt cap ! $26.33B |
Open | High | Low | Value | Volume |
$17.80 | $17.80 | $17.43 | $38.58M | 2.201M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 72519 | $17.52 |
Sellers (Offers)
Price($) | Vol. | No. |
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$17.53 | 8567 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 800 | 17.450 |
1 | 906 | 17.430 |
4 | 1500 | 17.400 |
1 | 760 | 17.370 |
1 | 115 | 17.360 |
Price($) | Vol. | No. |
---|---|---|
17.590 | 1000 | 1 |
17.600 | 273 | 1 |
17.640 | 200 | 1 |
17.660 | 3000 | 1 |
17.670 | 2000 | 1 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$17.47 |
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Change
-0.270 ( 1.94 %) |
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Open | High | Low | Volume | ||
$17.75 | $17.79 | $17.43 | 324046 | ||
Last updated 15.59pm 17/05/2024 ? |
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