dentalcorp (TSE:DNTL) Hits New 1-Year High – Time to Buy?

dentalcorp Holdings Ltd. (TSE:DNTL) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$8.67 and last traded at C$8.65, with a volume of 36070 shares trading hands. The stock had previously closed at C$8.48.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DNTL shares. BMO Capital Markets boosted their price objective on dentalcorp from C$10.00 to C$11.00 in a research note on Friday, August 9th. CIBC increased their target price on shares of dentalcorp from C$10.00 to C$11.50 in a research note on Friday, August 9th. Finally, Desjardins lifted their price objective on dentalcorp from C$10.50 to C$11.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$10.36.

dentalcorp Price Performance

The company has a debt-to-equity ratio of 78.72, a quick ratio of 1.04 and a current ratio of 1.11. The company has a 50-day moving average of C$8.15 and a 200-day moving average of C$7.55. The stock has a market cap of C$1.59 billion, a price-to-earnings ratio of -22.92, a PEG ratio of -2.69 and a beta of 1.26.

About dentalcorp

dentalcorp Holdings Ltd., through its subsidiaries, engages in the acquiring and partnering with dental practices to provide health care services in Canada. The company was formerly known as Dentalcorp Overbite Ltd. dentalcorp Holdings Ltd. was founded in 2011 and is headquartered in Toronto, Canada.