In a report released yesterday, Wee Kuang Tay from CGS-CIMB reiterated a Buy rating on Raffles Medical Group (RAFLF – Research Report), with a price target of S$1.77. The company’s shares closed last Wednesday at $1.01.
According to TipRanks, Kuang Tay is an analyst with an average return of -3.1% and a 32.14% success rate.
Currently, the analyst consensus on Raffles Medical Group is a Strong Buy with an average price target of $1.35, which is a 33.14% upside from current levels. In a report released today, Phillip Securities also maintained a Buy rating on the stock with a S$1.76 price target.
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RAFLF market cap is currently $1.95B and has a P/E ratio of 18.29.
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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.
