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    RHC   AU000000RHC8

RAMSAY HEALTH CARE LIMITED

(RHC)
  Report
Delayed Australian Stock Exchange  -  08:52 2022-11-27 pm EST
64.69 AUD   -0.69%
11/14No Straight Covid-Relief For Ramsay Health Care
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11/14Morgans rates RHC as Add
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11/11Australian shares hit five-month high on hopes of less aggressive Fed
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Australian shares hit over 2-week high as banks shine; all eyes on U.S. inflation data

09/13/2022 | 02:54am EST

* ASX 200 rises 4.2% in the past four sessions

* Ramsay Health Care slips 10.1%

* Focus on U.S. CPI figures due later in the day

* Ryman Healthcare among top losers on NZX 50

Sept 13 (Reuters) - Australian shares ended at a more than two-week high on Tuesday, boosted by banks and miners, with investors awaiting U.S. inflation data for clues on the Federal Reserve's policy tightening stance.

The S&P/ASX 200 index rose 0.7% to 7,009.70, its highest closing level since Aug. 26 and extended gains to a fourth straight session.

The U.S. Labor Department's consumer price index, due later in the day, is crucial to gauge the number and size of Fed's future interest rate hikes.

"Any signs of disinflation will be welcomed by the Reserve Bank of Australia, and if markets suspect the Fed could revert to 25 basis point hikes, then it will likely see less need for 50 bp hikes from the RBA. And that could bode well for the ASX," said Matt Simpson, senior market analyst at City Index.

"The RBA will more so be watching Australian jobs data Thursday and if it has room to be more aggressive next month," said Jessica Amir, market strategist at Saxo Capital Markets.

Financials hit a more than two-week peak and rose for a fourth consecutive session, with the 'Big Four' banks gaining between 0.6% and 1.7%.

Miners gained 0.6%, adding 9.5% in the past four sessions as iron ore prices rose to a two-week high. Rio Tinto rose 0.7%, while BHP Group and Fortescue Metals shed 0.3% and 0.9%, respectively.

Ramsay Health Care slid 10.4% after a KKR-led consortium said it will not improve its $14.5 billion cash-and-stock offer for the hospital operator.

Separately, a measure of Australian consumer sentiment bounced in September to break a nine-month losing streak as the outlook for the economy brightened a little.

The Australian equity market will be closed on Sept. 22 to observe a national day of mourning and public holiday after the death of Queen Elizabeth.

In New Zealand, the benchmark S&P/NZX 50 closed 0.4% lower at 11,762.15.

(Reporting by Upasana Singh in Bengaluru; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.49% 0.66736 Delayed Quote.-6.82%
BHP GROUP LIMITED -1.87% 43.38 Delayed Quote.34.69%
BRITISH POUND / US DOLLAR (GBP/USD) -0.13% 1.2036 Delayed Quote.-10.48%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.41% 0.74254 Delayed Quote.-5.27%
EURO / US DOLLAR (EUR/USD) -0.23% 1.03458 Delayed Quote.-8.46%
FORTESCUE METALS GROUP LIMITED -0.29% 18.89 Delayed Quote.-1.41%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.09% 0.012242 Delayed Quote.-8.76%
KKR & CO. INC. -0.44% 51.85 Delayed Quote.-30.40%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.27% 0.61954 Delayed Quote.-8.44%
RAMSAY HEALTH CARE LIMITED -0.64% 64.69 Delayed Quote.-8.90%
RYMAN HEALTHCARE LIMITED 7.03% 6.85 End-of-day quote.-44.08%
S&P/ASX 200 -0.48% 7226.9 Real-time Quote.-2.49%
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Analyst Recommendations on RAMSAY HEALTH CARE LIMITED
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Financials
Sales 2023 14 860 M 10 024 M 10 024 M
Net income 2023 398 M 269 M 269 M
Net Debt 2023 10 287 M 6 939 M 6 939 M
P/E ratio 2023 37,0x
Yield 2023 1,70%
Capitalization 14 838 M 10 009 M 10 009 M
EV / Sales 2023 1,69x
EV / Sales 2024 1,59x
Nbr of Employees 88 000
Free-Float 77,4%
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Mean consensus HOLD
Number of Analysts 16
Last Close Price 65,14 AUD
Average target price 67,22 AUD
Spread / Average Target 3,20%
EPS Revisions
Managers and Directors
Craig Ralph McNally Chief Executive Officer, MD & Executive Director
Martyn Roberts Group Chief Financial Officer
Michael Stanley Siddle Founding Director
Edward Byrne Group Chief Medical Officer
David Ingle Thodey Lead Independent Non-Executive Director
Sector and Competitors