QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY – Get Free Report)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $18.49, but opened at $17.8650. QBE Insurance Group shares last traded at $17.8750, with a volume of 1,936 shares traded.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Jefferies Financial Group cut shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 15th. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.
Read Our Latest Research Report on QBE Insurance Group
QBE Insurance Group Stock Up 1.0%
The stock has a 50 day simple moving average of $16.73 and a two-hundred day simple moving average of $16.08.
QBE Insurance Group Company Profile
QBE Insurance Group Limited is an Australia-based international insurance and reinsurance company. The group provides commercial, personal and specialty insurance products, as well as reinsurance, to businesses, government entities and individuals. Its offerings include property, liability, workers’ compensation, motor, marine, energy, agricultural and professional insurance, along with risk-management and claims services.
QBE traces its origins to the North Queensland Insurance Company, established in Townsville, Australia, in 1886.
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