Morgan Stanley analyst Andrei Stadnik maintained a Hold rating on Insurance Australia Group Limited today and set a price target of A$8.80.
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Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, QBE Insurance Group Limited, and Insurance Australia Group Limited. According to TipRanks, Stadnik has an average return of 4.4% and a 51.92% success rate on recommended stocks.
Currently, the analyst consensus on Insurance Australia Group Limited is a Moderate Buy with an average price target of $6.01.
Based on Insurance Australia Group Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of A$8.86 billion and a net profit of A$581 million. In comparison, last year the company earned a revenue of A$8.14 billion and had a net profit of A$491 million
Morgan Stanley Reaffirms Their Hold Rating on Insurance Australia Group Limited (IAUGF)
