Andlauer Healthcare Group (TSE:AND) Shares Up 27.1% After Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report)'s share price traded up 27.1% during mid-day trading on Friday after Scotiabank raised their price target on the stock from C$43.00 to C$55.00. The stock traded as high as C$53.58 and last traded at C$53.32. 1,255,518 shares were traded during trading, an increase of 2,472% from the average session volume of 48,818 shares. The stock had previously closed at C$41.96.

Several other analysts have also issued reports on AND. TD Securities lowered shares of Andlauer Healthcare Group from a "buy" rating to a "sell" rating and boosted their price objective for the company from C$51.00 to C$55.00 in a report on Friday, April 25th. National Bankshares boosted their price target on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus upped their price objective on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Andlauer Healthcare Group has a consensus rating of "Hold" and a consensus target price of C$50.57.

Andlauer Healthcare Group Stock Performance

The stock has a market capitalization of C$2.13 billion, a PE ratio of 32.22 and a beta of 0.66. The company has a debt-to-equity ratio of 39.31, a quick ratio of 1.66 and a current ratio of 1.44. The firm's 50 day moving average is C$41.45 and its two-hundred day moving average is C$42.75.

Andlauer Healthcare Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from Andlauer Healthcare Group's previous quarterly dividend of $0.11. Andlauer Healthcare Group's dividend payout ratio is currently 24.09%.

Andlauer Healthcare Group Company Profile

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.