Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh (AU:RMD)
Morgan Stanley analyst David Bailey maintained a Hold rating on Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh yesterday. The company’s shares closed last Friday at A$28.87, close to its 52-week low of A$27.05.
According to TipRanks.com, Bailey is a 4-star analyst with an average return of 7.4% and a 46.3% success rate. Bailey covers the Healthcare sector, focusing on stocks such as Fisher & Paykel Healthcare Corporation Limited, Telix Pharmaceuticals, and Ramsay Health Care.
Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh has an analyst consensus of Strong Buy, with a price target consensus of A$39.17, a 31.0% upside from current levels. In a report issued on August 6, Citi also maintained a Hold rating on the stock with a A$34.00 price target.
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