Citi trims PT for Australia's Ramsay Health Care on lower UK forecasts, shares slide

Ramsay Health Care

31/03/2026 02:12

Updates with shares

** Shares of Ramsay Health Care RHC.AX down as much as 1.7% at A$39.18

** Citi trims price target for RHC to A$39 from A$41.40

** Brokerage sees Sante, RHC's long-underperforming French-listed business, contributing very little to Sydney-based hospital operator's EPS in FY27

** Sante is scheduled to leave business in late 2026, subject to approvals

** Citi sees lower revenue growth for UK hospitals business, read-across from RHC's competitor Spire in the past weeks

** Brokerage trims revenue growth rates estimate for RHC's UK hospitals business to -7% in 2H26 from 3%, on a constant currency basis

** Investor interest levels are up, but our PT is slightly down on lower UK forecasts and a tough environment in

France, Citi says

** Three of 14 analysts rate the stock "Buy", 10 "Hold", and one "Sell"; their median PT is A$42.90 – data compiled by LSEG

** YTD, RHC up 14.9%, including the day's moves

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))