QBE Price Target Raised 1.3% to A$15.20/Share by Barrenjoey. 10/10/2022 10:15AM. No story, headline only
Interest rate rises mean QBE can begin to rebuild its bond ladder and earn a return on invested funds, currently making nearly nothing. I imagine they will limit securities duration to two year debt, leery of future interest rate falls after the central banks flip economies into recession.
I am convinced QBE has turned the corner after many years of struggle.
Sorry for broken-hearted long term holders.
Ash
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Price($) | Vol. | No. |
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