dentalcorp (TSE:DNTL) Cut to "Market Perform" at BMO Capital Markets

Key Points

• dentalcorp has been downgraded by BMO Capital Markets from "outperform" to "market perform," with a new price target of C$11.00, down from C$12.00.
• TD Securities also reduced their target price to C$11.00 and assigned a "sell" rating, reflecting a cautious outlook on the company's stock.
• The stock is currently trading around C$10.87, with an average analyst rating of "Hold" and a 12-month price range between C$7.10 and C$10.95.

dentalcorp (TSE:DNTL - Get Free Report) was downgraded by BMO Capital Markets from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$11.00 price objective on the stock, down from their previous price objective of C$12.00. BMO Capital Markets' target price indicates a potential upside of 1.20% from the company's previous close.

Separately, TD Securities dropped their target price on shares of dentalcorp from C$13.00 to C$11.00 and set a "sell" rating on the stock in a research note on Monday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$11.70.

dentalcorp Price Performance

DNTL stock traded down C$0.04 during midday trading on Monday, hitting C$10.87. The company's stock had a trading volume of 811,775 shares, compared to its average volume of 196,913. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The firm has a market capitalization of C$2.16 billion, a price-to-earnings ratio of -47.26, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38. dentalcorp has a 12 month low of C$7.10 and a 12 month high of C$10.95. The company has a 50 day moving average of C$8.20 and a two-hundred day moving average of C$8.24.

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.

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