Jefferies downgrades Australia's Hub24 on unfavourable risk profile, raises PT

Hub24

15/07/2025 20:55

** Jefferies downgrades Australia's Hub24 HUB.AX to 'underperform' from 'hold'

** Brokerage says the risk-reward profile of the investment services co is 'no longer compelling', highlights shares trading nearly 16% above price target

** Believes upside to be limited at current levels with share price having gained over 19% since beginning of June

** However, brokerage raises price target to A$84.00 from A$80.00 after co posted record Q4 net inflows, while reporting a 34% increase in platform funds under administration

** Shares of co up 44.5% YTD after hitting record high on Tuesday

** 16 analysts rated 'hold' on avg; their median PT is A$84.00, per LSEG-compiled data

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))