0104 GMT - There are plenty of reasons to be bullish about QBE Insurance, signals Morgans. QBE has executed well in recent periods, as highlighted by its FY 2024 result delivering 31% EPS growth and an 18% return on equity, says analyst Richard Coles. "With a strong balance sheet, and further upside to come from improvements in its North America business, we continue to see QBE as too cheap trading on 11X FY 2026 forecast earnings," Morgans says. It retains an add call on QBE while raising its price target by 11% to A$26.76/share. QBE is up 1.7% to A$23.55. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 01, 2025 21:04 ET (01:04 GMT)
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