JPMorgan Liking QBE Insurance on Valuation Grounds -- Market Talk
Posted on 3 February 2015 9:52 | Dow Jones Institutional News
2252 GMT [Dow Jones] On valuation grounds at least, QBE Insurance (QBE.AU) has a fan in JP Morgan. It notes the insurer is trading on about 9.5 times 2016 earnings, low among its peers. The brokerage tinkers with its model, resulting in a 2.1% lift in its forecast for 2014 adjusted profit to US$765M, and increases of 2.8% and 2.3% in its 2015 and 2016 forecasts, respectively. It has an overweight recommendation and A$12/share target. QBE last traded at A$10.49. ([email protected]; Twitter: @RobbMStewart)
Tide turning
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Last
$16.29 |
Change
0.240(1.50%) |
Mkt cap ! $24.47B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.32 | $16.00 | $73.08M | 4.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $16.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.29 | 10577 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| QBE (ASX) Chart |