1552 [Dow Jones] QBE (QBE.AU) 1H10 insurance margin of 15.7%, primarily attributed to fall in risk free interest rates in last 2 weeks of June, is lower than Citi's forecast of 16% which was at bottom of QBE guidance, and also below consensus forecasts of around 16.4% according to Citi's analysts. Capital adequacy ratio, gross written premiums both in-line with Citi's forecasts, while unchanged interim dividend of 62 Australian cents was 1 cent less than forecast by Citi analysts who "continue to see QBE as a relative underperformer compared to IAG (IAG.AU) and Suncorp-Metway (SUN.AU)". Rates QBE at Buy with A$21.50 target vs last down 5.7% at A$16.94. ([email protected])
---------------------------------------------------------
If you bought today under 17.0367 you did BETTER than the majority of institutions with all of their highly paid staff. Give youself a gold star and unless you are a first time buyer have a beer or three to drown your sorrows. Cheers, Doomdog the knife catcher
PS -- anyone got a bandaid?
- Forums
- ASX - By Stock
- QBE
- citi buy target $21.50
citi buy target $21.50
Featured News
Add QBE (ASX) to my watchlist
(20min delay)
|
|||||
Last
$16.98 |
Change
0.210(1.25%) |
Mkt cap ! $25.51B |
Open | High | Low | Value | Volume |
$16.98 | $17.02 | $16.86 | $14.76M | 869.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 5099 | $16.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.98 | 306 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 4693 | 16.970 |
15 | 6295 | 16.960 |
12 | 3511 | 16.950 |
16 | 11055 | 16.940 |
9 | 8948 | 16.930 |
Price($) | Vol. | No. |
---|---|---|
16.980 | 298 | 8 |
16.990 | 5788 | 19 |
17.000 | 6435 | 15 |
17.010 | 4867 | 13 |
17.020 | 5235 | 8 |
Last trade - 13.06pm 09/07/2024 (20 minute delay) ? |
Featured News
QBE (ASX) Chart |