Andlauer Healthcare Group (TSE:AND) Stock Price Up 27.1% Following Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND - Get Free Report)'s share price was 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 company traded as high as C$53.58 and last traded at C$53.32. Approximately 1,255,518 shares changed hands during mid-day trading, an increase of 2,472% from the average daily volume of 48,818 shares. The stock had previously closed at C$41.96.

AND has been the subject of several other reports. TD Securities cut shares of Andlauer Healthcare Group from a "buy" rating to a "sell" rating and lifted their price objective for the stock from C$51.00 to C$55.00 in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Andlauer Healthcare Group from C$50.00 to C$52.00 in a research report on Monday, February 24th. Finally, National Bankshares lifted their price target on shares of Andlauer Healthcare Group from C$45.00 to C$49.00 and gave the stock a "sector perform" rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Andlauer Healthcare Group has an average rating of "Hold" and an average price target of C$50.57.

Andlauer Healthcare Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.66 and a debt-to-equity ratio of 39.31. The company has a market capitalization of C$2.12 billion, a PE ratio of 32.08 and a beta of 0.66. The company's 50 day moving average price is C$40.98 and its 200-day moving average price is C$42.50.

Andlauer Healthcare Group Increases Dividend

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

About Andlauer Healthcare Group

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.