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Morgan Stanley Remains a Hold on NIB Holdings Ltd (3GU)

Morgan Stanley Remains a Hold on NIB Holdings Ltd (3GU)

Business Insider4 days ago

In a report released today, Andrei Stadnik from Morgan Stanley maintained a Hold rating on NIB Holdings Ltd (3GU – Research Report), with a price target of A$6.85.
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Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, QBE Insurance Group Limited, and Computershare Limited. According to TipRanks, Stadnik has an average return of 6.2% and a 55.76% success rate on recommended stocks.
Currently, the analyst consensus on NIB Holdings Ltd is a Moderate Buy with an average price target of €4.05.
3GU market cap is currently €1.86B and has a P/E ratio of 17.66.
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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