Erste Group on June 7 revised upwards the 12-month target price for the shares of Romanian medical services provider MedLife (BVB: M) to 6.06, up 12% above the current (June 11) trading price, and changed its recommendation from Hold to Accumulate based on Q1\/2024 financial results.<\/p>\n
The bank\u2019s analysts explain the upgrading of the target price with the better-than-expected results of the first quarter and the \u201cmanagement-validated expectations\u201d for the evolution of drivers of the existing business in terms of unit and average fee growth and expenses for the main cost items.\u00a0<\/p>\n
The company reported its revenues rose by 22% y\/y to RON 645 million (EUR 130 million) in Q1, mainly supported by the segment of clinics and hospitals, while its net profit surged by 56% y\/y to RON 13 million.\u00a0<\/p>\n
The company\u2019s market capitalisation is RON 2.88 billion (EUR 578 million) after its shares rose by 16.3% y\/y.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: MedLife)<\/em><\/p>","protected":false},"excerpt":{"rendered":" Erste Group on June 7 revised upwards the 12-month target price for the shares of Romanian medical services provider MedLife (BVB: M) to 6.06, up 12% above the current (June 11) trading price, and changed its recommendation from Hold to Accumulate based on Q1\/2024 financial results. The bank\u2019s analysts explain the upgrading of the target […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-481","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=481"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/481\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}