3 shares at the top of my watch list

Investors have witnessed some pretty dramatic share price movements over the past couple of weeks as the market continues to digest the results from the February reporting season.

Fortunately, this has provided some interesting opportunities for investors to take a closer look at, including:

Ramsay Health Care Limited (ASX: RHC)

The Ramsay Health Care share price has fallen around 10% since reporting a solid first-half result that actually included a full year profit upgrade. Unfortunately, the retirement of its long-serving CEO overshadowed the result and it appears the market is looking for further details about his replacement before getting too excited. Nonetheless, the private hospital operator remains one of the best companies on the ASX and I would be a happy buyer if the shares moved closer towards $60 a piece.

Baby Bunting Group Ltd (ASX: BBN)

The Baby Bunting share price has fallen sharply following its first-half result, despite reporting a big increase in both sales and profits. It appears the market has fallen out of love with the baby retailer after management warned that same-store-sales growth was likely to moderate in the second half. While this was somewhat disappointing, I think investors need to look at the bigger picture considering the company is still only halfway through its store roll-out and continues to deliver same-store-sales growth well above most Australian retailers. With the shares hovering just above their 2015 IPO debut price, I think now is a good time for investors to take a closer look at the company.

Hansen Technologies Limited (ASX: HSN)

The Hansen Technologies share price has rebounded slightly over the past week, but is still trading at a 28% discount to its 52-week highs. A large portion of the decline has come after the billing solutions company reported moderate organic growth that resulted in a slightly weaker-than-expected first-half result. Despite this, I think the longer term outlook for Hansen remains extremely attractive considering the potential for further consolidation within the sector and the ‘stickiness’ of the current customer base. I like the shares at around the $3 level, but investors should note that the shares can be illiquid at times and this can result in volatile share price swings.

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Motley Fool contributor Christopher Georges has no position in any stocks mentioned. The Motley Fool Australia owns shares of Hansen Technologies. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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