Business
Could this ASX 200 healthcare share be set to recover in 2021? // Motley Fool Australia
The Ramsay Health Care Limited (ASX: RHC) share price has largely been flat since 2015. The company had previously delivered Afterpay Ltd (ASX: APT) like returns for many years before its plateau.
With the company’s first quarter update pushing its share price 5% higher last Friday, could Ramsay be a turnaround story in 2021? Here’s what big brokers had to say.
First quarter FY21 recap
Ramsay Australia reported a 1.5% increase in total revenue, or a 6.6% increase excluding Victoria. This reflects a 1.7% increase in surgical admissions (ex-Victoria up 8%) and lower non-surgical activity. The Australian business experienced a decline in earnings before interest, tax, depreciation, amortisation (and restructuring or rent…
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