NMC Health’s (NMC) Overweight Rating Reiterated at Barclays
Barclays restated their overweight rating on shares of NMC Health (LON:NMC) in a research report released on Wednesday, Digital Look reports. The brokerage currently has a GBX 4,275 ($55.86) price objective on the stock.
A number of other analysts have also recently issued reports on the company. Goldman Sachs Group dropped their price objective on NMC Health from GBX 4,250 ($55.53) to GBX 4,170 ($54.49) and set a buy rating on the stock in a report on Monday, October 28th. Societe Generale reissued a buy rating on shares of NMC Health in a report on Tuesday, August 27th. Finally, Berenberg Bank increased their price objective on NMC Health from GBX 3,600 ($47.04) to GBX 4,000 ($52.27) and gave the stock a buy rating in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 3,607.75 ($47.14).
NMC traded up GBX 78 ($1.02) during trading on Wednesday, reaching GBX 2,368 ($30.94). 598,650 shares of the company were exchanged, compared to its average volume of 480,652. The company’s 50-day moving average is GBX 2,496.94 and its two-hundred day moving average is GBX 2,450.05. The company has a market cap of $4.87 billion and a price-to-earnings ratio of 18.36. The company has a quick ratio of 1.43, a current ratio of 1.70 and a debt-to-equity ratio of 165.90. NMC Health has a 12-month low of GBX 1,773.50 ($23.17) and a 12-month high of GBX 3,764 ($49.18).
About NMC Health
NMC Health Plc provides healthcare services in the United Arab Emirates, Spain, and internationally. The company operates through two businesses, NMC Healthcare and NMC Trading. It owns and manages approximately 135 healthcare facilities that include hospitals, medical centers, long term care facilities, day surgery centers, fertility centers, and home health services providers.
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