Morgan Stanley analyst Andrei Stadnik maintained a Buy rating on QBE Insurance Group Limited today and set a price target of A$23.00.
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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.
In addition to Morgan Stanley, QBE Insurance Group Limited also received a Buy from Bell Potter’s Marcus Barnard in a report issued on November 30. However, on November 27, Jarden maintained a Hold rating on QBE Insurance Group Limited (Other OTC: QBEIF).
The company has a one-year high of A$24.20 and a one-year low of A$18.38. Currently, QBE Insurance Group Limited has an average volume of 3.62M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of QBEIF in relation to earlier this year.
Morgan Stanley Sticks to Their Buy Rating for QBE Insurance Group Limited (QBEIF)
