Aub Group Limited

( ASX:AUB ) - Insurance


Analyst Views

AUB – Credit Suisse rates the stock as Underperform

Austbrokers’ result fell 8% short of the broker, with increased expenses overriding increased fee income. AUB benefitted in FY13 from higher interest rates, favourable commissions and rising premium rates but all of those factors are easing back in FY14, the broker notes. This means AUB has to increase its expense base to fund future growth and that growth won’t kick in for a while.

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