QBE Insurance Group (OTCMKTS:QBIEY) Shares Gap Down – Time to Sell?

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $16.29, but opened at $15.77. QBE Insurance Group shares last traded at $15.77, with a volume of 10,062 shares traded.

Analyst Upgrades and Downgrades

QBIEY has been the topic of a number of research analyst reports. Zacks Research raised shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group lowered shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

View Our Latest Analysis on QBIEY

QBE Insurance Group Stock Down 0.1%

The company has a 50 day moving average of $16.79 and a 200 day moving average of $16.29.

About QBE Insurance Group

(Get Free Report)

QBE Insurance Group Limited is a global general insurance and reinsurance company headquartered in Sydney, Australia. The company provides insurance products and risk-management solutions for individuals, businesses and organizations, including commercial property, casualty, workers’ compensation, motor, marine, aviation and specialty insurance.

QBE also offers personal insurance products, such as home and motor coverage, as well as crop insurance and other solutions tailored to specific industries and markets.

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