Citi hikes PT on Australia's Ramsay Health Care revenue beat

Ramsay Health Care

01/03/2024 24:06

(Updates)
    ** Citi says Ramsay Health Care  RHC.AX  HY adj. NPAT of
A$140.4 mln ($91.18 mln) was 16% above consensus, raises stock's
price target
    ** Adds co's revenue of A$8,159.3 mln beats consensus by 3%
    ** Firm adds following the sale of RSD, there is a
possibility of a potential sale of co's shareholding in Ramsay
Santé
    ** Maintains "neutral" rating and raises PT to A$56.50 from
A$51
    ** Four of 16 analysts rate the stock "buy" or higher, nine
"hold" and three "sell" or lower; their median PT is A$54.95 –
LSEG
    ** RHC shares on track for their best week since Nov 10, if
current trend holds
    ** Stock has risen over 4% YTD, as of last close

    ($1 = 1.5399 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))