Australia's NIB Holdings soar; UBS upgrades to 'Buy', hikes PT on valuation, margins

NIB Holdings

30/06/2025 03:59

** Shares of NIB Holdings NHF.AX rise as much as 6.7% to A$6.9, their biggest intraday jump since February 27; last up 5.7%

** The insurer is among top gainers on the Australian benchmark S&P/ASX 200 .AXJO, which is up 0.4%

** UBS upgrades rating to "Buy" from "Neutral" on top-line growth, upside on co's return on equity; also believes co's shares are trading at a discount given its P/E ratio

** Lifts price target to A$7.85 from A$7.35

**Also upgrades rating on healthy Australian Residents Health Insurance (ARHI) margins, optimistic on margin outlook

** 6 of 10 analysts rate the stock "Buy" or higher, 3 "Hold" and 1 "Sell"; their median PT is A$7.20 – data compiled by LSEG

** YTD, shares up 25.2% YTD

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))