Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

NMC Health share price up 8% after hiring former FBI director to review Muddy Waters allegations

The healthcare provider saw its shares climb higher after announcing its appointment of former Federal Judge and FBI director Louis Freeh to review allegations of financial wrongdoing.

FTSE Source: Bloomberg

NMC Health shares climbed 8% higher on Friday morning after the company announced it had hired former Federal Judge and FBI director Louis Freeh and his firm to review allegations of financial wrongdoing by short seller Muddy Waters.

The healthcare provider saw its shares fall by 44% since Muddy Waters published a report on December 17 that cast doubts about its finances and asset valuations.

‘The Committee chose Freeh Group to provide a completely independent, unbiased, comprehensive and transparent report that will address all of these allegations,’ said Jonathan Bomford, Chairman of the Independent Review Committee.

The Committee intends to publish findings of the review into all primary allegations made, particularly all those of a financial nature, in advance of the release of the company’s 2019 financial results.

NMC Health is trading at £15.24 as of 11:30 GMT on Friday.

Looking to trade NMC Health? Open a live or demo account with IG.

Barclays Capital reiterates ‘overweight’ rating for NMC Health

Analysts from Barclays Capital believe the stock is better value than its peers, reiterating its ‘overweight’ rating for NMC Health in January.

The investment bank has left its target price of £42.75 for the stock unchanged since August last year, implying the NMC Health has a potential upside 181.25%.

You can go long or short NMC Health with IG using derivatives like CFDs.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

See an opportunity to trade?

Go long or short on more than 17,000 markets with IG.

Trade CFDs on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.