Desjardins Forecasts Strong Price Appreciation for dentalcorp (TSE:DNTL) Stock

dentalcorp (TSE:DNTL) had its target price hoisted by Desjardins from C$12.00 to C$12.75 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would indicate a potential upside of 55.49% from the company’s previous close.

Several other equities analysts have also issued reports on DNTL. TD Securities set a C$12.00 price objective on shares of dentalcorp and gave the company a “buy” rating in a report on Thursday, December 12th. National Bankshares set a C$15.00 price target on dentalcorp and gave the company a “buy” rating in a report on Thursday, February 27th. Canaccord Genuity Group upped their price objective on dentalcorp from C$12.25 to C$12.50 and gave the stock a “buy” rating in a research note on Monday. Finally, CIBC lifted 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$12.22.

dentalcorp Trading Up 0.1 %

TSE DNTL opened at C$8.20 on Monday. dentalcorp has a one year low of C$6.01 and a one year high of C$10.50. 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 company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -19.06, a price-to-earnings-growth ratio of -2.69 and a beta of 1.26. The company’s 50-day simple moving average is C$7.73 and its two-hundred day simple moving average is C$8.39.

Insider Activity at dentalcorp

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