QBE Insurance Group (OTCMKTS:QBIEY) Shares Gap Up – What’s Next?

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY) shares gapped up before the market opened on Friday. The stock had previously closed at $16.76, but opened at $17.50. QBE Insurance Group shares last traded at $17.50, with a volume of 202 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a report on Wednesday, August 19th. Jefferies Financial Group downgraded shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, QBE Insurance Group currently has an average rating of “Hold”.

QBE Insurance Group Price Performance

The business has a 50 day simple moving average of $16.36 and a 200-day simple moving average of $16.47.

About QBE Insurance Group

QBE Insurance Group Limited is an Australia-based international insurance company that provides general insurance and reinsurance products to individuals, businesses, and organizations. Its offerings include commercial property and casualty insurance, workers’ compensation, motor and home insurance, marine coverage, crop insurance, and specialty lines such as professional liability and travel insurance.

QBE serves customers through operations in Australia and New Zealand, North America, the United Kingdom, Europe, and other international markets.