QBE Insurance Group Ltd
Where there is a problem, there is an opportunity. Indeed, this seems to be true of QBE Insurance Group Ltd (ASX: QBE) after its ‘annus horibilis’ of 2013 when the insurer made a loss.
The opportunity, though, presents itself in the form of a PEG ratio of just 0.13. This results from a quick turnaround back to profitability in the current year, followed by growth of 30% next year.
Although shares in QBE have fallen by 4% in 2014, they could be set for a rise and, in doing so, could help to push your portfolio towards the $1million mark
ZESSINA
QBE Insurance Group Ltd Where there is a problem, there is an...
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