MRE: QBE Stock Recommendation

Macquarie Research Equities (MRE) has reiterated their outperform recommendation for QBE with a 12-month share price target of $24.02. "QBE remains MRE’s preferred general insurance exposure reflecting superior top line growth prospects, exposure to more favourable insurance pricing conditions in international markets, and relative earnings certainty." The broker notes that QBE shares have been "stand-out performers in the ASX200 for the calendar year to date" and has "gained 12.6% versus the ASX200 return of 8.9%, outperforming the market by more than 3%." QBE Ltd. is listed on the Australian Stock Exchange (ASX) under stock code QBE. Check your charts.