BUZZ-Australia's Navigator Global at 5-1/2-year peak as UBS initiates coverage at premium

Reuters
Nov 03, 2025
BUZZ-Australia's Navigator Global at 5-1/2-year peak as UBS initiates coverage at premium

** Shares of Navigator Global Investments NGI.AX rise as much as 7.6% to A$2.68, their highest level since March 4, 2020

** Stock eyes its strongest trading session since late August, if gains sustain

** UBS initiates coverage on stock at a "buy" rating and price target of A$3.4, representing a 36.5% premium to last close

** Navigator Global is a diversified alternatives asset manager with a wholly owned hedge fund platform and minority equity stakes across 10 partner firms

** UBS says co is well-positioned to benefit from alternative sector tailwinds, driving assets-under-management (AUM) and earnings growth with its partners delivering robust results

** Adds co has outlined a clear inorganic growth strategy which remains "underappreciated" by the market

** Stock up 55.8% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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