Ramsay Health Care Limited Receives “Hold” Rating from Deutsche Bank (RHC)
Ramsay Health Care Limited (ASX:RHC)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $40.00 target price on the stock.
Ramsay Health Care Limited (ASX:RHC) traded down 1.00% on Thursday, hitting A$44.420. 325,323 shares of the company’s stock traded hands. Ramsay Health Care Limited has a one year low of A$28.210 and a one year high of A$45.170. The stock’s 50-day moving average is A$42.43 and its 200-day moving average is A$38.17. The company has a market cap of A$8.877 billion and a price-to-earnings ratio of 36.21.
RHC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ramsay Health Care Limited in a research note to investors on Sunday.
Ramsay Health Care Limited is engaged in operating private hospitals. As of June 30, 2012, the Company owned and operated 117 hospitals and day surgery facilities across Australia, the United Kingdom, France and Indonesia.
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