HSP 6 analysts Recommend??

This weeks stock pick is HealthscopeLtd (HSP)


Healthscope is a niche private hospital operator, with approximately 1500 beds and is ranked the third-largest private provider in Australia.



POINTS OF INTEREST:

1. Six analysts give this a Buy rating.

2. Two directors recently bought over $170,000 worth of shares.

3. AMP have just increased their stake in this company with an additional $7M investment

Healthscope is a niche private hospital operator, with approximately 1500 beds and is ranked the
third-largest private provider in Australia. It owns/manages psychiatric, medical/surgical and
rehabilitation hospitals. POINTS OF INTEREST: AMP has just increased its stake by over 2.5
Million shares; 2 directors have just purchased over $170,000 shares personally; there has been a
sharp decline in share price.
HealthScope Ltd (HSP)
What the analysts say…
Number of analysts with a recommendation: 6
The average recommendation by these analysts BUY
What does it do?
Healthscope is a niche private hospital operator
Future Earnings Per Shares Estimates * P/E Ratio 16
2003 17c Div Yield 3.2%
2004 21c Franking 100%
2005 25c 2002 Profit $ 10 M
*Earnings estimates and broker recommendations supplied by Thomson Financial
Comments:
Current Price: $2.23
..............

The chart appears to have a failed double top ,broken its long term uptrend on 22/08 at $2.50 in what appears to be a stage 4 downtrend although 2.10 would need to be broken to confirm this.Todays activity in a bouyant market is giving blip away.
It might just be oversold as stochastics are also low. Sheesh

Anyway 6 analysts cant be wrong ?