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    QBE   AU000000QBE9

QBE INSURANCE GROUP LIMITED

(QBE)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/24
11.7 AUD   +1.74%
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

QBE Insurance : Morgans rates QBE as Add

07/18/2021 | 10:31pm EDT

Morgans updates its Insurance/Diversified Financials sector earnings forecasts on a mark-to-market basis, and after a broad review of earnings assumptions.

The broker expects QBE Insurance Group to deliver further attritional claims ratio improvement on the back of strong premium rate increases.

Morgans lowers forecast FY21 EPS by -1% though lifts FY22 by 5% to reflect stronger margin assumptions due to the favourable pricing environment. The broker's price target rises to $12.17 from $11.83. The Add rating is maintained.

Sector: Insurance.

Target price is $12.17.Current Price is $10.52. Difference: $1.65 - (brackets indicate current price is over target). If QBE meets the Morgans target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

All news about QBE INSURANCE GROUP LIMITED
09/23Australia shares slip as gold, metal stocks drag
RE
09/22Ord Minnett rates SUN as Hold
AQ
09/22SUNCORP : Ord Minnett rates IAG as Accumulate
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09/22QBE Builds Partnership with Flyreel, Inc
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09/21Australia shares fall as subdued copper prices weigh on metal stocks
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09/15UK COVID-19 business insurance payouts top one billion pounds -watchdog
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09/13QBE INSURANCE : to List Bonds Worth $553 Million in Singapore
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09/05GENERAL ANNOUNCEMENT : :QBE Pricing - GBP400m Fixed Rate Resetting Subordinated Notes Due ..
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09/02QBE INSURANCE : Proposes Issuance of British Pounds Denominated Bonds
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09/01GENERAL ANNOUNCEMENT : :QBE Announces Proposed Issue of GBP Fixed Rate Resetting Subordina..
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More news
Analyst Recommendations on QBE INSURANCE GROUP LIMITED
More recommendations
Financials
Sales 2021 18 651 M 13 537 M 13 537 M
Net income 2021 1 121 M 814 M 814 M
Net Debt 2021 3 291 M 2 389 M 2 389 M
P/E ratio 2021 15,2x
Yield 2021 3,27%
Capitalization 17 259 M 12 508 M 12 527 M
EV / Sales 2021 1,10x
EV / Sales 2022 1,03x
Nbr of Employees 11 444
Free-Float 99,5%
Chart QBE INSURANCE GROUP LIMITED
Duration : Period :
QBE Insurance Group Limited Technical Analysis Chart | QBE | AU000000QBE9 | MarketScreener
Technical analysis trends QBE INSURANCE GROUP LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 11,70 AUD
Average target price 13,68 AUD
Spread / Average Target 17,0%
EPS Revisions
Managers and Directors
David Andrew Horton Group Chief Executive Officer & Director
Inder Singh Group Chief Financial Officer
Michael Wilkins Non-Executive Chairman
Matt Mansour Group Executive-Technology & & Operations
John M. Green Deputy Chairman
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