The jump is most likely because of the shift of funds reacting to drop in AUD:USD exchange rate and nothing fundamental to the company per se.
There is a case to be made for $20-$21; in 1 year time; but only if the 2 year forecast EPS value comes true. And that's always uncertain.
I don't really like betting on stocks that is already "fully valued" (i.e. even if they do really, really well, the share price already EXPECTED that); but can't be helped.
re; qbe pricing, page-105
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Last
$16.39 |
Change
0.110(0.68%) |
Mkt cap ! $24.67B | |||
| Open | High | Low | Value | Volume |
| $16.11 | $16.47 | $16.07 | $55.25M | 3.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14975 | $16.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 5185 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| QBE (ASX) Chart |