Here’s why the NIB Holdings Limited (ASX: NHF) share price has soared higher

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NIB (ASX:NHF) shares have stormed 30 cents or 5.5 per cent higher to $5.80 today after the private health insurer was upgraded to a buy rating by Deutsche Bank.

The broker placed a share price target of $6.55 on NIB shares, saying the company could be benefitting from lower claims following recent trading updates in the hospital industry.

The note likely refers to the recent profit downgrade from Ramsay Health Care (ASX:RHC), something that sliced 8 per cent off the Ramsay share price.

NIB Holdings shares have been flat over the past year. Zoom out though and you can see over the past five years, the NIB share price has soared higher.

NIB Holdings is a member of The Capital Club 10, a basket of companies I think will out-perform the ASX 200 over the next three years and more.

For the latest NIB Holdings share price quote, chart and news, click here.

Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au