RHB Capital analyst Shekhar Jaiswal maintained a Buy rating on Raffles Medical Group (RAFLF – Research Report) on February 3 and set a price target of S$1.65. The company’s shares closed last Monday at $0.85.
Jaiswal covers the Financial sector, focusing on stocks such as Oversea-Chinese Banking, DBS Group Holdings, and City Developments. According to TipRanks, Jaiswal has an average return of 6.1% and an 82.35% success rate on recommended stocks.
Currently, the analyst consensus on Raffles Medical Group is a Strong Buy with an average price target of $1.21, a 42.74% upside from current levels. In a report released on January 30, Maybank also maintained a Buy rating on the stock with a S$1.60 price target.
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RAFLF market cap is currently $2.08B and has a P/E ratio of 27.13.
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Raffles Medical Group Ltd. is an investment holding company, which engages in the operation of medical clinics and other general medical services. It operates through the following segments: Healthcare Services, Hospital Services, and Investment Holdings. The Healthcare Services segment includes the management of medical clinics and other general medical services, provision of health insurance, trading in pharmaceutical and nutraceutical products and diagnostic equipment, and provision of management and consultancy services. The Hospital Services segment provides specialized medical services and operates hospital and business of medical laboratory and imaging center. The Investment Holdings segment refers to the investment properties. The company was founded by Choon Yong Loo and Alfred Loh in 1976 and is headquartered in Singapore.
