Ramsay Health Care (OTCMKTS:RMYHY) Hits New 12-Month High – What’s Next?

Ramsay Health Care Ltd. Unsponsored ADR (OTCMKTS:RMYHY) shares hit a new 52-week high during trading on Monday. The stock traded as high as $9.71 and last traded at $9.71, with a volume of 188 shares. The stock had previously closed at $9.6950.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Ramsay Health Care from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Ramsay Health Care Price Performance

The stock has a 50 day moving average of $8.25 and a two-hundred day moving average of $7.47.

About Ramsay Health Care

Ramsay Health Care Limited is an Australian-based healthcare provider that operates private hospitals and related medical facilities. Its services include acute and elective surgery, specialist medical care, rehabilitation, mental health treatment, day surgery and other hospital-based services. The company works with medical practitioners, health insurers and public health systems to deliver care across a range of clinical specialties.

Founded in 1964 by Australian businessman Paul Ramsay, the company has expanded from its original hospital operations in Australia into an international healthcare group.