Tag: ASX:RHC

Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.

Valuation support within the $61 – $63 range.

Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.

Valuation support within the $61 – $63 range.

Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.

Valuation support within the $61 – $63 range.

Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our model portfolio.

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Buy Ramsay Health Care

Ramsay Health Care

RHC delivered 8% revenue growth in FY20, with a strong 1H more than offsetting the 4% decline experienced in 2H.

Australia suffered the greatest contraction in 2H, down 8% on the same time last year. UK revenue growth remained solid, up almost 5%.

Based on normalization in FY22 earnings, we have the stock trading on a forward yield of 2.2%.

Buy Ramsay Health Care within the $61 – $65 price range.

Ramsay Health Care is faced with flat earnings in 2020 and only moderate growth FY21. For patient long-term investors, there’s an income opportunity with defensive low levels of growth.

We see buying support increasing near the $60 level.

The above post is from early August when RHC was trading in the $60 – $62 price range. The stock is now approaching $70 and short-term traders can consider taking profit between $68 – $70.

Ramsay Health Care is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

We see value emerging and suggest accumulating within the $50 – $52 price range.