In a report released on April 29, Craig Wong-Pan from RBC Capital maintained a Hold rating on Nanosonics Limited (NNCSF – Research Report), with a price target of A$2.75. The company’s shares closed last Friday at $1.85.
Wong-Pan covers the Healthcare sector, focusing on stocks such as Resmed, Cochlear Limited, and Nanosonics Limited. According to TipRanks, Wong-Pan has an average return of -1.5% and a 45.71% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nanosonics Limited with a $2.06 average price target.
The company has a one-year high of $3.82 and a one-year low of $1.67. Currently, Nanosonics Limited has an average volume of 5,259.
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Nanosonics Limited (NNCSF) Company Description:
Nanosonics Ltd is an Australia based healthcare equipment manufacturing company. It manufactures and distributes the trophon EPR ultrasound probe disinfector, which reduces the risk of ultrasound-related cross-infection. It also manufactures the associated consumables and accessories such as the trophon wall mount, trophon printer, trophon cart, trophon curved probe positioner and others. In addition, the company manufactures and commercializes infection control and decontamination products and services and related technologies. The entity operates in Australia and other countries, of which key revenue is derived from North America.
