dentalcorp (TSE:DNTL) Stock Rating Lowered by CIBC

Key Points

• CIBC has downgraded dentalcorp's stock rating from "outperform" to "tender," with a new price target of C$11.00, down from C$13.00.
• Other analysts, including BMO Capital Markets and TD Securities, have also lowered their ratings and price targets for dentalcorp, contributing to a consensus rating of "Hold" with a target of C$11.70.
• dentalcorp's stock is currently trading at C$10.87, with a 12-month high of C$10.95 and a low of C$7.10.

dentalcorp (TSE:DNTL - Get Free Report) was downgraded by stock analysts at CIBC from an "outperform" rating to a "tender" rating in a research note issued on Monday,BayStreet.CA reports. They currently have a C$11.00 price target on the stock, down from their previous price target of C$13.00. CIBC's target price points to a potential upside of 1.20% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets cut dentalcorp from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$12.00 to C$11.00 in a research note on Monday. TD Securities decreased their price objective on dentalcorp from C$13.00 to C$11.00 and set a "sell" rating on the stock in a research note on Monday. Finally, Desjardins lowered dentalcorp from a "buy" rating to a "tender" rating and decreased their price objective for the company from C$12.75 to C$11.00 in a research note on Monday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$11.70.

dentalcorp Stock Performance

TSE DNTL traded down C$0.04 on Monday, reaching C$10.87. The stock had a trading volume of 811,775 shares, compared to its average volume of 196,913. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.19. dentalcorp has a 12-month low of C$7.10 and a 12-month high of C$10.95. The business's 50-day moving average price is C$8.20 and its 200 day moving average price is C$8.24. The stock has a market cap of C$2.16 billion, a P/E ratio of -47.26, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38.

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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