Shares of CRH Medical Co. (TSE:CRH) fell 1.7% on Tuesday . The company traded as low as C$2.30 and last traded at C$2.36. 259,325 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 447,812 shares. The stock had previously closed at C$2.32.

A number of research firms have recently weighed in on CRH. Beacon Securities downgraded shares of CRH Medical from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. TD Securities reduced their target price on shares of CRH Medical from C$5.50 to C$4.00 and set a “hold” rating on the stock in a research report on Monday, September 25th. National Bank Financial reduced their target price on shares of CRH Medical from C$7.00 to C$5.25 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Scotiabank reduced their target price on shares of CRH Medical from C$6.00 to C$4.25 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reduced their target price on shares of CRH Medical from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$3.88.

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CRH Medical Company Profile

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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