November 28, 2024November 28, 2024

Analysts Are Bullish on These Financial Stocks: StepStone Group (STEP), QBE Insurance Group Limited (QBEIF)

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There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on StepStone Group (STEP – Research Report) and QBE Insurance Group Limited (QBEIF – Research Report) with bullish sentiments.

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StepStone Group (STEP)

J.P. Morgan analyst Ken Worthington maintained a Buy rating on StepStone Group yesterday and set a price target of $78.00. The company’s shares closed last Wednesday at $66.04, close to its 52-week high of $70.38.

According to TipRanks.com, Worthington is a 4-star analyst with an average return of 2.7% and a 51.6% success rate. Worthington covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Apollo Global Management, and Victory Capital Holdings.

Currently, the analyst consensus on StepStone Group is a Moderate Buy with an average price target of $70.43.

See the top stocks recommended by analysts >>

QBE Insurance Group Limited (QBEIF)

J.P. Morgan analyst Siddharth Parameswaran maintained a Buy rating on QBE Insurance Group Limited yesterday and set a price target of A$22.00. The company’s shares closed last Tuesday at $11.65, close to its 52-week high of $12.14.

According to TipRanks.com, Parameswaran is a 4-star analyst with an average return of 6.5% and a 65.8% success rate. Parameswaran covers the Financial sector, focusing on stocks such as Insignia Financial Ltd, Computershare Limited, and Challenger Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for QBE Insurance Group Limited with a $13.16 average price target, which is a 13.0% upside from current levels. In a report issued on November 14, Macquarie also upgraded the stock to Buy with a A$20.80 price target.

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