06-05-2025
QBE Insurance Group Limited (QBEIF) Receives a Buy from Citi
Citi analyst Nigel Pittaway maintained a Buy rating on QBE Insurance Group Limited (QBEIF – Research Report) today and set a price target of A$23.30. The company's shares closed last Thursday at $14.37.
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Pittaway covers the Financial sector, focusing on stocks such as Challenger , QBE Insurance Group Limited, and AMP . According to TipRanks, Pittaway has an average return of 1.5% and a 51.81% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for QBE Insurance Group Limited with a $15.27 average price target, implying a 6.26% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a A$25.05 price target.
QBEIF market cap is currently $21.04B and has a P/E ratio of 12.02.
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.
