LOGIN JOIN SHARECAFE SIGN UP FOR OUR NEWSLETTER ADVERTISE
share cafe logo  
 
SHARECAFE COMMENTARY

QBE - Morgans rates the stock as Add
BY BROKER NEWS - 18/08/2017 | VIEW MORE BROKER UPDATES

Get More Commentary, Discussion & Market Information On -

QBE - QBE INSURANCE GROUP LIMITED


QBE's result beat consensus by 24% but disappointment stemmed from a reduction in 2017 guidance to the bottom end of the previous range. QBE also downgraded in June due to a weak Emerging Markets business, which appears still to be the case, the broker suggests.

There were positives nevertheless, the broker suggests, mainly improvement in the combined operating ratio in both the US and A&NZ. The broker has cut earnings forecasts and its target to $12.55 from $13.09. Add retained.

Sector: Insurance.

Target price is $12.55.Current Price is $11.17. Difference: $1.38 - (brackets indicate current price is over target). If QBE meets the Morgans target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).



View More Broker Updates

FN Arena is building the future of financial news reporting at www.fnarena.com. Our daily news reports can be trialed at no cost and with no obligations. Simply sign up & get a feel for what we are trying to achieve.




The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

RECENTLY ADDED TO SHARECAFE


 › Bond Yields For Direct Bond Investors
 › If The VIX Is Low, Is It Time To Go?
 › Market At Midday On Tuesday
 › Get Ready For The Next Gold Bull Market
 › Overnight: Open For Business
 › TWE - UBS rates the stock as Upgrade to Buy
 › EHL - Morgans rates the stock as Add
 › DHG - Morgan Stanley rates the stock as Overweight
 › Netflix Adds A Record 8 Million Subscribers
 › AFIC "Waiting For Better Prices"
 › Lid To Come Off Lithium Production?
 › Domain Boss Quits, McGrath's Mass Resignations
 › Aust Pharma Warns On Weaker First-Half
 › Tuesday At The Open
More ShareCafe   

GET THE SHARECAFE BREAKFAST BRIEFING


Delivered free to your inbox before the market opens each trading day. Sign up below +

SHARECAFE VIDEO


View More Videos