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FPH - Fisher & Paykel Healthcare News Story

NZD33.8 0.0  0.0%

Last Trade - 07/05/21

Sector
Healthcare
Size
Large Cap
Market Cap £10.14bn
Enterprise Value £10.12bn
Revenue £834.9m
Position in Universe 30th / 1907

BUZZ-New Zealand's Fisher & Paykel Healthcare hits record high after CS raises PT on strong HY results

Thu 28th November, 2019 12:20am
** Shares of Fisher & Paykel Healthcare Corp  FPH.NZ  extend
gains, rise as much as 3.2% to a record high of NZ$21.77
    ** Credit Suisse raises PT to NZ$14.38 from NZ$13.15; keeps
"underperform" rating
    ** Medical device maker on Wednesday posted a 24% jump in
half-year net profit after tax at NZ$121.2 mln ($77.65 mln) and
a 12% rise in operating revenue  urn:newsml:reuters.com:*:nFWN2860G3
    ** CS says co's hospital sales were supported by strong
demand for nasal high flow therapy products and an extended flu
season in the United States
    ** FPH stock posts its biggest intraday pct gain since Oct
15, top pct gainer on the benchmark  .NZ50  index
    ** As of last close, stock had risen more than 62% this year
($1 = 1.5608 New Zealand dollars)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))
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