Berenberg Bank Cuts NMC Health (NMC) Price Target to GBX 3,600

NMC Health (LON:NMC) had its price objective decreased by Berenberg Bank from GBX 4,700 ($61.41) to GBX 3,600 ($47.04) in a research note released on Friday, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Barclays restated an overweight rating on shares of NMC Health in a research report on Monday, March 11th. Goldman Sachs Group increased their price objective on NMC Health from GBX 4,230 ($55.27) to GBX 4,240 ($55.40) and gave the stock a buy rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of GBX 4,048.33 ($52.90).

NMC opened at GBX 2,789 ($36.44) on Friday. The company has a debt-to-equity ratio of 150.61, a quick ratio of 1.16 and a current ratio of 1.45. NMC Health has a 1 year low of GBX 2,110 ($27.57) and a 1 year high of GBX 4,376 ($57.18). The company has a market cap of $5.80 billion and a P/E ratio of 23.48.

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th will be issued a GBX 18.10 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 0.6%. This is a boost from NMC Health’s previous dividend of $13.00. NMC Health’s dividend payout ratio (DPR) is 0.15%.

In other NMC Health news, insider Mark Tompkins sold 465 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of GBX 2,673 ($34.93), for a total value of £12,429.45 ($16,241.28).

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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