Scotiabank Issues Positive Forecast for DRI Healthcare Trust (TSE:DHT.UN) Stock Price

DRI Healthcare Trust (TSE:DHT.UNGet Free Report) had its target price upped by investment analysts at Scotiabank from C$25.00 to C$30.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 84.73% from the company’s previous close.

Separately, Stifel Nicolaus upped their price objective on DRI Healthcare Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$22.30.

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DRI Healthcare Trust Price Performance

DHT.UN traded up C$0.10 during trading hours on Tuesday, reaching C$16.24. The company’s stock had a trading volume of 118,020 shares, compared to its average volume of 42,893. DRI Healthcare Trust has a fifty-two week low of C$12.51 and a fifty-two week high of C$17.69. The stock has a market cap of C$893.48 million, a PE ratio of -18.04 and a beta of 0.35. The business’s 50-day moving average is C$16.59 and its 200-day moving average is C$16.28.

About DRI Healthcare Trust

(Get Free Report)

DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.

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