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

dentalcorp (TSE:DNTL) had its price target raised by Canaccord Genuity Group from C$12.25 to C$12.50 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

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

dentalcorp Price Performance

Shares of TSE:DNTL opened at C$8.19 on Monday. The company has a market cap of C$1.54 billion, a PE ratio of -19.04, a P/E/G ratio of -2.69 and a beta of 1.26. dentalcorp has a fifty-two week low of C$6.01 and a fifty-two week high of C$10.50. The firm has a 50-day simple moving average of C$7.72 and a 200 day simple moving average of C$8.39. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72.

Insider Transactions at dentalcorp

In other news, Director Robert Thomas Wolf bought 10,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$8.20 per share, for a total transaction 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.