dentalcorp (TSE:DNTL) Stock Rating Lowered by Royal Bank Of Canada

Key Points

• dentalcorp has been downgraded by the Royal Bank of Canada from "outperform" to "sector perform," lowering the target price from C$13.00 to C$11.00.
• Multiple analysts have revised their ratings on dentalcorp, with TD Securities setting a "sell" rating and several others reducing their price objectives to C$11.00.
• The current price of dentalcorp shares is C$10.87, indicating a potential upside of 1.20% based on the new target price from Royal Bank of Canada.

dentalcorp (TSE:DNTL - Get Free Report) was downgraded by Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report issued on Monday,BayStreet.CA reports. They currently have a C$11.00 target price on the stock, down from their prior target price of C$13.00. Royal Bank Of Canada's target price would indicate a potential upside of 1.20% from the stock's current price.

Other analysts also recently issued reports about the stock. 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. BMO Capital Markets downgraded shares of dentalcorp from an "outperform" rating to a "market perform" rating and reduced their price target for the company from C$12.00 to C$11.00 in a report on Monday. Desjardins downgraded shares of dentalcorp from a "buy" rating to a "tender" rating and reduced their price objective for the stock from C$12.75 to C$11.00 in a report on Monday. CIBC downgraded shares of dentalcorp from an "outperform" rating to a "tender" rating and reduced their price objective for the stock from C$13.00 to C$11.00 in a report on Monday. Finally, ATB Capital downgraded shares of dentalcorp from an "outperform" rating to a "tender" rating and reduced their price objective for the stock from C$12.00 to C$11.00 in a report on Monday. Two 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. Based on data from MarketBeat.com, dentalcorp presently has a consensus rating of "Hold" and an average price target of C$11.70.

dentalcorp Stock Performance

Shares of TSE DNTL traded down C$0.04 during trading hours on Monday, hitting C$10.87. 811,775 shares of the stock were exchanged, compared to its average volume of 196,913. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04. The company's 50 day moving average is C$8.20 and its 200 day moving average is C$8.24. The firm has a market capitalization 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 one year low of C$7.10 and a one year 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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