Sonic Healthcare has sold its 85% stake in GLP Systems. Deutsche Bank retains its Hold rating while lifting the price target to $26.32 (was $24.70).
Deutsche Bank analysts find the sales price was below their expectations, speculating the weak performance by the business might be responsible.
Sector: Health Care Equipment & Services.
Target price is $26.32.Current Price is $27.16. Difference: ($0.84) – (brackets indicate current price is over target). If SHL meets the Deutsche Bank target it will return approximately -3% (excluding dividends, fees and charges – negative figures indicate an expected loss).