Ryman shares look very cheap: Morningstar

Ryman now has seven villages operating in Victoria. (Image: supplied)

Thu, 14 Apr 2022

More analysts are suggesting Ryman Healthcare shares have been oversold and now look very cheap.The shares are down 25.6% at $9.12 year-to-date, a much more savage decline than the other four NZX-listed companies in the sector."The market has seemingly penalised narrow-moat Ryman for transient issues or industry-wide problems not shared by Ryman," said Morningstar analysts Alexander Prineas and Jacqueline Moody in a note on the stock."Demand for aged care in Australia has dropped, the industry is consolidating and providers exiti...

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