Bell Potter analyst John Hester upgraded Nanosonics Limited (NNCSF – Research Report) to a Hold today and set a price target of A$4.85. The company’s shares closed yesterday at $2.95.
Hester covers the Healthcare sector, focusing on stocks such as Nanosonics Limited, Mesoblast Limited, and Pro Medicus Limited. According to TipRanks, Hester has an average return of 5.9% and a 63.04% success rate on recommended stocks.
Currently, the analyst consensus on Nanosonics Limited is a Moderate Sell with an average price target of $3.05.
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The company has a one-year high of $3.82 and a one-year low of $2.07. Currently, Nanosonics Limited has an average volume of 480.
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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.
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