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

dentalcorp (TSE:DNTL) had its target price boosted by research analysts at Canaccord Genuity Group from C$12.25 to C$12.50 in a report issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 52.44% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. TD Securities set a C$12.00 price objective on shares of dentalcorp and gave the company a “buy” rating in a research report on Thursday, December 12th. Desjardins set a C$12.00 price target on shares of dentalcorp and gave the company a “buy” rating in a research report on Thursday, December 12th. CIBC increased their price target 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. Finally, National Bankshares set a C$15.00 price objective on dentalcorp and gave the company a “buy” rating in a research report on Thursday, February 27th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$12.22.

dentalcorp Price Performance

DNTL opened at C$8.20 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. The stock has a market capitalization of C$1.54 billion, a PE ratio of -19.06, a price-to-earnings-growth ratio of -2.69 and a beta of 1.26. The stock’s 50 day moving average price is C$7.73 and its 200-day moving average price is C$8.39. dentalcorp has a 52-week low of C$6.01 and a 52-week high of C$10.50.

Insider Buying and Selling

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

dentalcorp Company Profile

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.