dentalcorp (TSE:DNTL) Stock Rating Lowered by BMO Capital Markets

dentalcorp (TSE:DNTL) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a report released on Monday,BayStreet.CA reports. They presently have a C$11.00 price target on the stock, down from their prior price target of C$12.00. BMO Capital Markets’ price objective would indicate a potential upside of 1.20% from the stock’s previous close.

Separately, TD Securities reduced their price objective on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a report on Monday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$11.70.

dentalcorp Stock Performance

Shares of DNTL stock traded down C$0.04 during midday trading on Monday, hitting C$10.87. The company had a trading volume of 811,775 shares, compared to its average volume of 196,913. The company’s 50 day simple moving average is C$8.20 and its 200 day simple moving average is C$8.24. dentalcorp has a 52-week low of C$7.10 and a 52-week high of C$10.95. The stock has a market cap of C$2.16 billion, a price-to-earnings ratio of -47.26, a PEG ratio of -2.69 and a beta of 1.38. The company has a debt-to-equity ratio of 78.72, a current ratio of 1.19 and a quick ratio of 1.04.

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.