QBE stock trades at AUD 23.91 as analysts favor Hold

Published on 10/07/2026 at 05:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

QBE stock carries a Hold consensus and an AUD 25.00 average target on October 2, 2026. First-half revenue reached US$9.64 billion, up 8.3 percent.

QBE, AU000000QBE9, Illustration mit AI erstellt.

QBE stock was trading at AUD 23.91 on the ASX on October 7, 2026, at 1:57 p.m. AEST, up 0.74 percent from the prior session close of AUD 23.73. The latest half-year figures show revenue growth, but also a clear gap between reported sales and analyst expectations.

Half-year revenue rises 8.3 percent

According to Simply Wall St, QBE reported US$9.64 billion in first-half 2026 revenue, up 8.3 percent from the first half of 2025. Net income rose 3.6 percent to US$1.03 billion, while adjusted earnings per share increased to US$0.69 from US$0.66.

The comparison is mixed: QBE's 11 percent profit margin was unchanged from the prior-year period, and revenue missed analyst estimates by 2.6 percent, while earnings per share were broadly in line with expectations. That combination puts underwriting quality and cost control ahead of headline premium growth in the next results cycle.

Analysts keep a measured view

Markets Insider reported on October 1, 2026, that Macquarie assigned QBE a Buy rating and an AUD 26.20 price target. The target is AUD 2.29 above the ASX price in this article, equal to 9.6 percent above AUD 23.91.

The broader view is less aggressive. Markets Insider reported on October 2, 2026, that the consensus rating was Hold with an AUD 25.00 average price target, while UBS maintained Hold with an AUD 25.25 target. The consensus target stands AUD 1.09 above the current ASX price, or 4.6 percent.

November results set the next test

QBE's next scheduled checkpoint is its third-quarter 2026 report on November 27, 2026, according to Simply Wall St. The report will show whether the first-half revenue shortfall narrows while profitability holds at the 11 percent margin reported for the first half.

For investors, the numbers create two competing reference points. First-half net income of US$1.03 billion and 17.7 percent adjusted return on equity support the earnings case, while the 2.6 percent revenue miss and the Hold consensus limit the strength of the near-term valuation argument.

QBE stock stays below its yearly high

At AUD 23.91 on October 7, 2026, QBE stock stood AUD 1.92 below its 52-week high of AUD 25.83 and AUD 5.34 above its 52-week low of AUD 18.57. The market capitalization was AUD 35.7 billion and volume was 825,381 shares at the same ASX snapshot.