Canaccord Genuity Group Issues Positive Forecast for dentalcorp (TSE:DNTL) Stock Price

dentalcorp (TSE:DNTL) had its price target hoisted by equities research analysts at Canaccord Genuity Group from C$12.25 to C$12.50 in a note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 53.75% from the company’s current price.

Several other brokerages have also recently weighed in on DNTL. CIBC lifted their price objective on shares of dentalcorp from C$11.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Monday. National Bankshares set a C$15.00 price target on shares of dentalcorp and gave the stock a “buy” rating in a report on Thursday, February 27th. TD Securities set a C$12.00 target price on shares of dentalcorp and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Desjardins set a C$12.00 price target on dentalcorp and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$11.80.

dentalcorp Stock Performance

Shares of DNTL traded up C$0.36 during midday trading on Monday, reaching C$8.13. The stock had a trading volume of 258,100 shares, compared to its average volume of 188,550. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 78.72. The firm has a 50 day simple moving average of C$7.71 and a 200-day simple moving average of C$8.39. The firm has a market cap of C$1.53 billion, a PE ratio of -18.90, a P/E/G ratio of -2.69 and a beta of 1.26. dentalcorp has a one year low of C$6.01 and a one year high of C$10.50.

Insiders Place Their Bets

In related news, Director Robert Thomas Wolf bought 10,000 shares of dentalcorp stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$8.20 per share, with a total value of C$82,000.00. Company insiders own 0.16% of the company’s stock.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.