dentalcorp (TSE:DNTL) Rating Lowered to "Tender" at Desjardins

Key Points

• dentalcorp (TSE:DNTL) has been downgraded from a "buy" to a "tender" rating by Desjardins, with a new price target of C$11.00, down from C$12.75.
• On the same day, BMO Capital Markets and TD Securities also cut their ratings and price targets for dentalcorp, reflecting a bearish sentiment among analysts.
• Despite the downgrades, the company's stock is trading at C$10.87, showing a potential upside of 1.20% from the new price target.

dentalcorp (TSE:DNTL - Get Free Report) was downgraded by stock analysts at Desjardins from a "buy" rating to a "tender" rating in a report released 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$12.75. Desjardins' price objective points to a potential upside of 1.20% from the company's current price.

Several other research firms have also recently issued reports on DNTL. BMO Capital Markets cut shares of dentalcorp from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from C$12.00 to C$11.00 in a research report on Monday. TD Securities reduced their price target on shares of dentalcorp from C$13.00 to C$11.00 and set a "sell" rating for the company in a report on Monday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$11.70.

dentalcorp Stock Performance

dentalcorp stock traded down C$0.04 during trading hours on Monday, reaching C$10.87. 811,775 shares of the stock were exchanged, compared to its average volume of 196,913. The firm's 50 day moving average is C$8.20 and its 200 day moving average is C$8.24. 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 cap of C$2.16 billion, a P/E ratio of -47.26, a P/E/G ratio of -2.69 and a beta of 1.38. dentalcorp has a 52-week low of C$7.10 and a 52-week high of C$10.95.

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.

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