QBE 0.30% $16.39 qbe insurance group limited

Ann: Trading Halt, page-44

  1. 24,093 Posts.
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    The Macquarie view

    Price catalyst
    • 12-month price target: A$8.80 based on a DCF methodology.
    • Catalyst: AGM on 7 May 2020.
    Action and recommendation
    • Neutral. Post the capital raising QBE’s balance sheet is in a strong position
    however downside risks continue to grow for underwriting earnings. We
    maintain our Neutral recommendation
 
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