CRH Medical Corp (CRH) Stock Rating Lowered by RBC Capital Markets
CRH Medical Corp (TSE:CRH) was downgraded by RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued on Monday. They presently have a C$8.50 target price on the stock, up from their prior target price of C$7.00. RBC Capital Markets’ price objective points to a potential upside of 13.48% from the company’s current price.
CRH has been the topic of several other research reports. Royal Bank Of Canada lifted their target price on CRH Medical Corp from C$6.50 to C$7.00 in a research note on Friday, October 28th. Bloom Burton reaffirmed a “buy” rating on shares of CRH Medical Corp in a research note on Friday, October 28th. Finally, CIBC reaffirmed an “outperform” rating on shares of CRH Medical Corp in a research note on Tuesday, September 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$7.57.
Shares of CRH Medical Corp (TSE:CRH) opened at 7.49 on Monday. The company’s 50 day moving average price is $6.78 and its 200-day moving average price is $5.30. CRH Medical Corp has a 1-year low of $2.98 and a 1-year high of $8.48. The firm has a market cap of $541.72 million and a price-to-earnings ratio of 76.43.
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