CIMB Reiterates Outperform Rating for Sonic Healthcare Limited (SHL)
Sonic Healthcare Limited (ASX:SHL)‘s stock had its “outperform” rating reaffirmed by CIMB in a research note issued on Sunday, American Banking News reports. They currently have a $16.91 price objective on the stock, up from their previous price objective of $16.76.
Shares of Sonic Healthcare Limited (ASX:SHL) traded up 1.63% during mid-day trading on Friday, hitting A$16.200. The stock had a trading volume of 1,169,358 shares. Sonic Healthcare Limited has a 52-week low of A$12.500 and a 52-week high of A$16.320. The stock’s 50-day moving average is A$15.47 and its 200-day moving average is A$14.40. The company has a market cap of A$6.434 billion and a P/E ratio of 18.91.
Sonic Healthcare Limited is engaged in the provision of medical diagnostic services and the provision of administrative services and facilities to medical practitioners.
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