The broker has initiated with a Neutral rating on the stock as...

The broker has initiated with a Neutral rating on the stock as while it is a low cost player with large reserves and no port access issues it has less operating leverage than its peers.

Excess cash is likely to be returned to shareholders in the absence of any acquisitions and on current multiples the broker sees some value but the lack of leverage supports its neutral view. Sector: Energy.

Target price is $6.15.Current Price is $5.25. Difference: $0.90 - (brackets indicate current price is over target). If NHC meets the Credit Suisse target it will return approximately 15% (excluding dividends, fees and charges - negative figures indicate an expected loss).