HSP 0.00% $6.02 healthscope limited

HSP 6 analysts Recommend??

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    This weeks stock pick is HealthscopeLtd (HSP)


    Healthscope is a niche private hospital operator, with approximately 1500 beds and is ranked the third-largest private provider in Australia.



    POINTS OF INTEREST:

    1. Six analysts give this a Buy rating.

    2. Two directors recently bought over $170,000 worth of shares.

    3. AMP have just increased their stake in this company with an additional $7M investment

    Healthscope is a niche private hospital operator, with approximately 1500 beds and is ranked the
    third-largest private provider in Australia. It owns/manages psychiatric, medical/surgical and
    rehabilitation hospitals. POINTS OF INTEREST: AMP has just increased its stake by over 2.5
    Million shares; 2 directors have just purchased over $170,000 shares personally; there has been a
    sharp decline in share price.
    HealthScope Ltd (HSP)
    What the analysts say…
    Number of analysts with a recommendation: 6
    The average recommendation by these analysts BUY
    What does it do?
    Healthscope is a niche private hospital operator
    Future Earnings Per Shares Estimates * P/E Ratio 16
    2003 17c Div Yield 3.2%
    2004 21c Franking 100%
    2005 25c 2002 Profit $ 10 M
    *Earnings estimates and broker recommendations supplied by Thomson Financial
    Comments:
    Current Price: $2.23
    ..............

    The chart appears to have a failed double top ,broken its long term uptrend on 22/08 at $2.50 in what appears to be a stage 4 downtrend although 2.10 would need to be broken to confirm this.Todays activity in a bouyant market is giving blip away.
    It might just be oversold as stochastics are also low. Sheesh

    Anyway 6 analysts cant be wrong ?



 
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