Nobody noticing QBE.............. "QBE Insurance Group Ltd
Having completed an equity placement and debt issuance in recent months, QBE Insurance Group Ltd (ASX: QBE) seems to be in a stronger financial position as we head towards 2015. Certainly, asset sales are being mooted, as the company continues to focus on improving its efficiency and becoming more profitable, but QBE appears to be on the up.
This, of course, is set to be evidenced by a bottom line that is forecast to turn from red to black this year, as the insurer is expected to deliver earnings per share of $0.80 for the year. Although shares in the company have fallen by 7% in 2014, this return to profitability could be the catalyst to make them have a much stronger 2015.
And, with QBE trading on a PEG ratio of just 0.1, it seems to offer growth at a very reasonable price.
QBE Price at posting:
$10.99 Sentiment: Hold Disclosure: Held
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