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…
-
General23 hours agoWA mother Stacey Cunningham found guilty of careless driving causing death of two children, spared jail time
-
Noosa News23 hours agoLani Pallister wins 400m freestyle at Australian Open Swimming Championships
-
Noosa News13 hours agoFrom pigeons and Morse code to satellites and cyberspace: 100 years of the Royal Australian Corps of Signals
-
Noosa News13 hours ago“I Do My Best Work in the Dark”: Jenna Ortega Gets Creepy and Kooky Again in the First ‘Wednesday’ Season Two Trailer