NIB Holdings Ltd (3GU) Gets a Sell from Macquarie
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Buncombe covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, NIB Holdings Ltd, and Suncorp Group. According to TipRanks, Buncombe has an average return of 11.7% and a 78.85% success rate on recommended stocks.
Currently, the analyst consensus on NIB Holdings Ltd is a Moderate Buy with an average price target of €4.01.
Based on NIB Holdings Ltd's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.84 billion and a net profit of €82.9 million. In comparison, last year the company earned a revenue of €1.68 billion and had a net profit of €106.4 million
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 3GU in relation to earlier this year.
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