Jefferies Financial Group Lowers NMC Health (LON:NMC) Price Target to GBX 500

NMC Health (LON:NMC) had its price target decreased by Jefferies Financial Group from GBX 1,300 ($17.10) to GBX 500 ($6.58) in a research report released on Monday, Stock Target Advisor reports. Jefferies Financial Group currently has an underperform rating on the stock.

Several other research analysts also recently weighed in on NMC. Barclays reiterated an overweight rating on shares of NMC Health in a research report on Tuesday, January 7th. Goldman Sachs Group cut their price objective on shares of NMC Health from GBX 4,250 ($55.91) to GBX 4,170 ($54.85) and set a buy rating for the company in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of GBX 3,236.25 ($42.57).

Shares of LON NMC opened at GBX 938.40 ($12.34) on Monday. The firm has a 50 day moving average of GBX 1,114.41 and a 200 day moving average of GBX 2,031.04. The company has a current ratio of 1.70, a quick ratio of 1.43 and a debt-to-equity ratio of 165.90. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of 7.27. NMC Health has a 12-month low of GBX 677.01 ($8.91) and a 12-month high of GBX 3,059 ($40.24).

In other NMC Health news, insider Khaleefa Butti Omair Yousif Ahmad sold 4,648,080 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of GBX 1,200 ($15.79), for a total transaction of £55,776,960 ($73,371,428.57). Also, insider Patrick James Meade (Lord Clanwilliam) purchased 2,900 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of GBX 1,720 ($22.63) per share, for a total transaction of £49,880 ($65,614.31).

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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