Stifel Nicolaus Forecasts Strong Price Appreciation for dentalcorp (TSE:DNTL) Stock

dentalcorp (TSE:DNTL) had its price target lifted by equities research analysts at Stifel Nicolaus from C$11.50 to C$12.50 in a note issued to investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 21.95% from the stock’s previous close.

Several other brokerages have also recently commented on DNTL. Desjardins raised their target price on dentalcorp from C$11.00 to C$11.75 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. CIBC raised their target price on dentalcorp from C$10.00 to C$11.50 in a research report on Friday, August 9th. BMO Capital Markets increased their price objective on dentalcorp from C$10.00 to C$11.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group lifted their price objective on dentalcorp from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$11.00.

dentalcorp Stock Performance

Shares of DNTL traded up C$0.36 during mid-day trading on Wednesday, hitting C$10.25. The company’s stock had a trading volume of 73,195 shares, compared to its average volume of 192,939. The firm has a market capitalization of C$1.85 billion, a PE ratio of -27.70, a price-to-earnings-growth ratio of -2.69 and a beta of 1.26. dentalcorp has a one year low of C$5.34 and a one year high of C$10.50. The stock’s 50-day moving average is C$8.77 and its two-hundred day moving average is C$7.96. The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.11.

About dentalcorp

dentalcorp Holdings Ltd., through its subsidiaries, engages in the acquiring and partnering with dental practices to provide health care services in Canada. The company was formerly known as Dentalcorp Overbite Ltd. dentalcorp Holdings Ltd. was founded in 2011 and is headquartered in Toronto, Canada.