I own 726 shares in Primary Health Care (PRY). I was thinking of selling these shares and buying Sonic Healthcare (SHL) shares. What do you think of this proposal?
A: Thanks for the question.
I would probably prefer Sonic Healthcare as a better long term proposition – couldn’t rule out a takeover offer for Primary in the short term.
As for the brokers, they see both stocks as fully valued and are neutral. According to FN Arena:
Primary (PRY): Sentiment is +0.1 (scale is -1.0 as most negative, to +1.0 as most positive); consensus target price is $3.96 (very marginally higher than current price);
Sonic (SHL): Sentiment is -0.1; consensus target price is $21.86 (again, just a few cents above the current price)
