BUZZ-Australia's Ramsay Health Care hits 3-month peak as Morningstar flags growth upside

Reuters11-26
BUZZ-Australia's <a href="https://laohu8.com/S/RMSYF">Ramsay Health Care</a> hits 3-month peak as Morningstar flags growth upside

Updates

** Shares of Ramsay Health Care RHC.AX rise as much as 4.7% to A$37.65, their highest level since August 27

** Morningstar holds firm on its A$54 fair value estimate for Ramsay, calling the stock undervalued as profitability improves from better theatre utilisation, easing wage strain pressures, others

** Ramsay’s stock jumped 2.7% on Tuesday after the hospital operator said its Australian business expects EBIT growth in FY26

** Investment research firm expects co's Australia business rev growth to outpace costs, with wage growth falling below 3.5% by FY27

** Stock up 8.6% YTD, including the day's moves

(Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment