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

QBE Insurance Group Limited – Sponsored ADR (OTCMKTS:QBIEY)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on QBIEY. Zacks Research upgraded shares of QBE Insurance Group to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group cut shares of QBE Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, QBE Insurance Group presently has a consensus rating of “Hold”.

QBE Insurance Group Trading Down 0.1%

The company has a 50 day moving average of $16.79 and a two-hundred day moving average of $16.29.

About QBE Insurance Group

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.