Business
Ramsay Health Care (ASX:RHC) share price on watch after broker upgrade
The Ramsay Health Care Limited (ASX: RHC) share price has been an underperformer over the last 12 months.
However, one leading broker believes its shares could soon be heading notably higher from here.
What happened?
This morning analysts at Goldman Sachs upgraded and added the private hospital operator’s shares to its conviction buy list with an improved price target of $70.00.
This implies potential upside of almost 20% over the next 12 months including the 1.4% dividend yield Goldman is forecasting.
Why is Goldman Sachs positive on Ramsay?
According to the note, Ramsay’s shares are currently changing hands at 8.1x earnings before interest, tax, depreciation and amortisation (EBITDA) for an 8% EBITDA compound annual growth…
-
Noosa News20 hours agoFarm owner cleared of all charges over worker’s electrocution
-
General22 hours agoWoman in custody for allegedly cutting gas services at Sutherland hospitals in Sydney
-
Noosa News24 hours agoNow Open: Haus of Wendy is the US Burger Chain’s Biggest Aussie Launch to Date, Opening in the Heart of Brisbane CBD
-
General19 hours agoCoal worker charged over death of Luke O’Brien at BMA Saraji South mine