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
QBE Price Target Raised 1.3% to A$15.20/Share by Barrenjoey....
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Last
$16.82 |
Change
-0.180(1.06%) |
Mkt cap ! $25.27B | |||
| Open | High | Low | Value | Volume |
| $16.97 | $17.10 | $16.82 | $53.20M | 3.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8319 | $16.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.85 | 10000 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |