dentalcorp (TSE:DNTL) Hits New 1-Year High – Should You Buy?

dentalcorp Holdings Ltd. (TSE:DNTL)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$11.02 and last traded at C$11.00, with a volume of 158707 shares changing hands. The stock had previously closed at C$10.95.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DNTL shares. Jefferies Financial Group lowered shares of dentalcorp from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$11.50 to C$11.00 in a research report on Monday, September 29th. Desjardins downgraded dentalcorp from a “buy” rating to a “tender” rating and reduced their price objective for the stock from C$12.75 to C$11.00 in a report on Monday, September 29th. TD Securities lowered their target price on dentalcorp from C$13.00 to C$11.00 and set a “sell” rating for the company in a research note on Monday, September 29th. Royal Bank Of Canada downgraded dentalcorp from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$13.00 to C$11.00 in a research report on Monday, September 29th. Finally, CIBC cut dentalcorp from an “outperform” rating to a “tender” rating and decreased their price target for the company from C$13.00 to C$11.00 in a report on Monday, September 29th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$11.55.

dentalcorp Stock Performance

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$2.19 billion, a price-to-earnings ratio of -78.50, a PEG ratio of -2.69 and a beta of 1.47. The stock’s fifty day moving average is C$10.94 and its 200-day moving average is C$9.60.

dentalcorp Company Profile

Dentalcorp is Canada’s largest and one of North America’s fastest growing networks of dental practices, committed to advancing the overall well-being of Canadians by delivering the best clinical outcomes and unforgettable experiences. Dentalcorp acquires leading dental practices, uniting its network in a common goal: to be Canada’s most trusted healthcare network. Leveraging its industry-leading technology, know-how and scale, Dentalcorp offers professionals the unique opportunity to retain their clinical autonomy while unlocking their potential for future growth.