Citi maintains 'buy' for NIB Holdings; expects attractive insurance scheme returns

NIB Holdings

19/01/2024 04:56

** Shares of NIB Holdings  NHF.AX  rise as much as 1.7% to
A$7.8, their highest since Dec. 14, 2023
    ** Citi expects NIB’s near-term National Disability
Insurance Scheme (NDIS) returns to be attractive; keeps PT
unchanged at A$8.35
    ** Brokerage maintains stock rating to 'buy'; increases EPS
forecast by 3% for FY24
    ** Six of eleven analysts rate the stock "buy" or higher;
four "hold" and one "sell"; their median PT is A$8.38 – LSEG
data
    ** Stock has risen 3.8% this year, as of last close

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))