QBE 4.96% $16.49 qbe insurance group limited

The Macquarie View Price catalyst 12-month price target: A$11.60...

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    The Macquarie View

    1. Price catalyst 12-month price target: A$11.60 based on a DCF methodology.
    2. Catalyst: 1H18 result - Thursday 16th August Action and recommendation
    3. Outperform. We maintain our Outperform recommendation given portfolio remediation has begun,
    4. the buy-back continues,
    5. and the stock is trading at a ~20% discount to its weighted international peers on the PE metric.
 
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