RHC – UBS rates the stock as Neutral

APRA data has revealed benefits paid to private hospitals declined -3.3% in the December quarter.

There was reasonably robust growth in Western Australia but NSW was surprisingly weak, UBS notes, with no evidence of significant reductions in any backlog.

The broker retains a Neutral rating and $69.90 target.

Sector: Health Care Equipment & Services.

 

Target price is $69.90.Current Price is $63.26. Difference: $6.64 – (brackets indicate current price is over target). If RHC meets the UBS target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

 

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