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Morgans Reaffirms Their Buy Rating on QBE Insurance Group Limited (QBEIF)

Morgans Reaffirms Their Buy Rating on QBE Insurance Group Limited (QBEIF)

Morgans analyst Richard Coles maintained a Buy rating on QBE Insurance Group Limited (QBEIF – Research Report) today and set a price target of A$24.07. The company's shares closed last Wednesday at $13.50.
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According to TipRanks, Coles is a 4-star analyst with an average return of 10.2% and a 55.03% success rate. Coles covers the Financial sector, focusing on stocks such as Challenger , QBE Insurance Group Limited, and Computershare Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for QBE Insurance Group Limited with a $15.32 average price target, implying a 13.48% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a A$24.60 price target.
The company has a one-year high of $15.10 and a one-year low of $9.95. Currently, QBE Insurance Group Limited has an average volume of 719.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QBEIF in relation to earlier this year.
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