CRH Medical Corp (TSE:CRH) shares rose 10.4% on Monday . The company traded as high as C$2.98 and last traded at C$2.96. Approximately 490,190 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 488,203 shares. The stock had previously closed at C$2.68.
CRH has been the topic of a number of recent research reports. Royal Bank Of Canada lowered their target price on CRH Medical Corp from C$8.50 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, July 21st. Scotiabank downgraded CRH Medical Corp from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$10.00 to C$8.00 in a report on Friday, July 14th. National Bank Financial lowered their target price on CRH Medical Corp from C$7.00 to C$5.25 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Beacon Securities downgraded CRH Medical Corp from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, TD Securities lowered their target price on CRH Medical Corp from C$12.00 to C$10.50 and set a “buy” rating on the stock in a report on Friday, July 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$6.75.
The firm’s 50-day moving average price is $3.35 and its 200-day moving average price is $7.44. The stock has a market cap of $224.53 million and a P/E ratio of 30.92.
In other CRH Medical Corp news, Director David Johnson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of C$5.67, for a total transaction of C$170,100.00.
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CRH Medical Corp Company Profile
CRH Medical Corporation provides products and services to physicians for the treatment of gastrointestinal diseases in the United States. It offers anesthesia services for patients undergoing endoscopic procedures; and CRH ORegan System, a single use, disposable, and hemorrhoid banding technology for treating hemorrhoid grades IIV.
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