Royal Bank of Canada Trims DRI Healthcare Trust (TSE:DHT.UN) Target Price to C$16.00

DRI Healthcare Trust (TSE:DHT.UNGet Free Report) had its price target cut by equities research analysts at Royal Bank of Canada from C$20.00 to C$16.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 30.40% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of DRI Healthcare Trust from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. National Bankshares dropped their price objective on shares of DRI Healthcare Trust from C$23.50 to C$17.50 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James lowered shares of DRI Healthcare Trust from a “strong-buy” rating to an “outperform” rating and set a C$24.00 target price on the stock. in a report on Tuesday. Finally, CIBC boosted their target price on shares of DRI Healthcare Trust from C$19.50 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, DRI Healthcare Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.14.

View Our Latest Analysis on DHT.UN

DRI Healthcare Trust Price Performance

DHT.UN stock opened at C$12.27 on Tuesday. The firm has a 50-day simple moving average of C$15.03 and a 200-day simple moving average of C$14.92. DRI Healthcare Trust has a 52 week low of C$10.21 and a 52 week high of C$17.43.

About DRI Healthcare Trust

(Get Free Report)

DRI Healthcare Trust focuses on managing and growing a portfolio of pharmaceutical royalties. It owns a portfolio of 18 royalties derived from the sale of 14 various pharmaceutical products that focuses on eight therapeutic areas. The company was incorporated in 2020 and is headquartered in Toronto, Canada.

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