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)
JPMorgan Liking QBE Insurance on Valuation Grounds -- Market...
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Last
$18.08 |
Change
0.430(2.44%) |
Mkt cap ! $27.16B | |||
| Open | High | Low | Value | Volume |
| $17.75 | $18.08 | $17.67 | $99.09M | 5.496M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10117 | $17.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.09 | 70582 | 4 |
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| QBE (ASX) Chart |