Analyst of Equita Sim maintained a Buy rating on Garofalo Health Care S.P.A., with a price target of €6.60.
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Equita Sim has given its Buy rating due to a combination of factors that highlight Garofalo Health Care S.P.A.’s strong market position and growth potential. The company’s recent financial performance was solid, with results aligning well with expectations and demonstrating healthy organic growth. This growth is driven by increased activities from out-of-region and private-pay sectors, which positions GHC favorably within the Italian private healthcare market.
Additionally, GHC’s strategic focus on mergers and acquisitions further strengthens its role as a consolidator in the industry, with a robust pipeline of potential deals. The company’s valuation appears attractive, with current multiples offering a compelling entry point. GHC’s unique business model, defensive nature, and financial flexibility, supported by significant real estate ownership, provide a stable foundation for future growth, making it well-positioned to capitalize on the increasing demand for healthcare services in Italy.