CRH Medical Co. (TSE:CRH) dropped 3.3% during mid-day trading on Monday . The company traded as low as C$2.37 and last traded at C$2.52. Approximately 213,985 shares changed hands during trading, a decline of 52% from the average daily volume of 444,162 shares. The stock had previously closed at C$2.44.

CRH has been the subject of a number of research reports. Beacon Securities downgraded CRH Medical from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. TD Securities lowered their price target on CRH Medical from C$5.50 to C$4.00 and set a “hold” rating for the company in a research report on Monday, September 25th. National Bank Financial lowered their price target on CRH Medical from C$5.25 to C$4.25 and set an “outperform” rating for the company in a research report on Monday, November 6th. Scotiabank lowered their price target on CRH Medical from C$6.00 to C$4.25 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada lowered their price target on CRH Medical from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$3.88.

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About CRH Medical

CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.

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