dentalcorp (TSE:DNTL) Price Target Raised to C$12.50 at Canaccord Genuity Group

dentalcorp (TSE:DNTL - Get Free Report) had its price target increased by equities research analysts at Canaccord Genuity Group from C$12.25 to C$12.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 52.07% from the company's previous close.

Several other equities research analysts also recently issued reports on DNTL. Desjardins set a C$12.00 price objective on shares of dentalcorp and gave the stock a "buy" rating in a research report on Thursday, December 12th. National Bankshares set a C$15.00 price objective on shares of dentalcorp and gave the stock a "buy" rating in a research note on Thursday, February 27th. TD Securities set a C$12.00 target price on shares of dentalcorp and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, CIBC increased their price objective on shares of dentalcorp from C$11.50 to C$13.00 and gave the company an "outperform" rating in a research report on Monday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, dentalcorp has a consensus rating of "Buy" and an average target price of C$12.22.

dentalcorp Stock Up 1.2 %

TSE DNTL traded up C$0.10 during trading hours on Monday, reaching C$8.22. 157,195 shares of the company's stock were exchanged, compared to its average volume of 190,938. 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 company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -19.11, a price-to-earnings-growth ratio of -2.69 and a beta of 1.26. The company's 50-day moving average is C$7.74 and its two-hundred day moving average is C$8.39. dentalcorp has a one year low of C$6.01 and a one year high of C$10.50.

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Insiders Place Their Bets

In other news, Director Robert Thomas Wolf acquired 10,000 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$8.20 per share, with a total value of C$82,000.00. Corporate insiders own 0.16% of the company's stock.

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.