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RHC - Ord Minnett rates the stock as Accumulate
BY BROKER NEWS - 16/06/2017 | VIEW MORE BROKER UPDATES

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RHC - RAMSAY HEALTH CARE LIMITED


Ord Minnett reviews the incoming French president's health policy statements and concludes that there is reason to be encouraged by the reformist agenda. The broker notes positive statements with regard to the role of private hospitals and apparent criticism of past tariff reductions.

Overall, Ord Minnett believes reimbursement should at least stabilise in France, allowing the company's operations to return to growth by FY19.

In Australia, hospitals and pharmacies support the growth outlook, despite the somewhat quiet domestic conditions. Double-digit growth in operating earnings is expected in FY18. Accumulate rating retained. Target is $80.

Sector: Health Care Equipment & Services.

Target price is $80.00.Current Price is $70.94. Difference: $9.06 - (brackets indicate current price is over target). If RHC meets the Ord Minnett target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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