CIBC Downgrades dentalcorp (TSE:DNTL) to Tender

dentalcorp (TSE:DNTL) was downgraded by CIBC from an “outperform” rating to a “tender” rating in a note issued to investors on Monday,BayStreet.CA reports. They presently have a C$11.00 price target on the stock, down from their previous price target of C$13.00. CIBC’s price target would indicate a potential upside of 1.20% from the company’s previous close.

DNTL has been the subject of a number of other research reports. 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. Desjardins downgraded shares of dentalcorp from a “buy” rating to a “tender” rating and lowered their price target for the stock from C$12.75 to C$11.00 in a report on Monday. Finally, BMO Capital Markets downgraded dentalcorp from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$12.00 to C$11.00 in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.70.

dentalcorp Stock Down 0.4%

Shares of TSE:DNTL traded down C$0.04 during midday trading on Monday, reaching C$10.87. The company had a trading volume of 811,775 shares, compared to its average volume of 196,913. dentalcorp has a 1-year low of C$7.10 and a 1-year high of C$10.95. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. The stock has a market cap of C$2.16 billion, a PE ratio of -47.26, a P/E/G ratio of -2.69 and a beta of 1.38. The business’s 50 day moving average price is C$8.20 and its 200 day moving average price is C$8.24.

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.