CIBC Issues Positive Forecast for dentalcorp (TSE:DNTL) Stock Price

dentalcorp (TSE:DNTL) had its target price increased by CIBC from C$11.50 to C$13.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

DNTL has been the subject of several other research reports. Desjardins set a C$12.00 price objective on shares of dentalcorp and gave the company a “buy” rating in a research note on Thursday, December 12th. TD Securities set a C$12.00 target price on dentalcorp and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, National Bankshares set a C$15.00 price target on dentalcorp and gave the stock a “buy” rating in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$11.80.

dentalcorp Trading Up 5.4 %

DNTL opened at C$8.19 on Monday. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. dentalcorp has a one year low of C$6.01 and a one year high of C$10.50. The company has a market cap of C$1.54 billion, a P/E ratio of -19.04, a PEG ratio of -2.69 and a beta of 1.26. The business’s 50-day simple moving average is C$7.72 and its 200-day simple moving average is C$8.39.

Insider Buying and Selling

In other dentalcorp news, Director Robert Thomas Wolf bought 10,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$8.20 per share, with a total value of C$82,000.00. Corporate 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.