Ramsay Health Care Limited’s “Hold” Rating Reaffirmed at Deutsche Bank (RHC)
Ramsay Health Care Limited (ASX:RHC)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Friday, AR Network reports. They currently have a $40.00 price objective on the stock.
Shares of Ramsay Health Care Limited (ASX:RHC) traded down 0.02% during mid-day trading on Friday, hitting A$43.860. The stock had a trading volume of 334,744 shares. Ramsay Health Care Limited has a 1-year low of A$29.210 and a 1-year high of A$45.170. The stock’s 50-day moving average is A$43.17 and its 200-day moving average is A$38.47. The company has a market cap of A$8.765 billion and a price-to-earnings ratio of 35.41.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ramsay Health Care Limited in a research note to investors on Sunday, January 19th.
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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