Australia's Ramsay Health Care climbs; Morgan Stanley hikes PT on in-specie distribution

Ramsay Health Care

07/07/2025 04:05

** Shares of Ramsay Health Care RHC.AX rise as much as 0.9% to A$39.67, their highest level since December 10, 2024

** Co stock in line with broader healthcare sub-index .AXHJ, which is up 0.9%

** Morgan Stanley raises price target on Ramsay Health to A$38.00 from A$37.40, rated "equal-weight"

** Brokerage sees potential for in specie distribution of the healthcare provider's holding in Ramsay Sante

** Estimates market value of RHC's holding in Ramsay Sante at A$5 per share

** Analysts rate 'hold' on average, median PT is A$38.85, according to data compiled by LSEG

** YTD, shares up 14.9%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))