Andlauer Healthcare Group (TSE:AND) Reaches New 12-Month High After Analyst Upgrade

Andlauer Healthcare Group Inc. (TSE:AND) hit a new 52-week high on Thursday after Scotiabank raised their price target on the stock from C$43.00 to C$44.00. The company traded as high as C$44.36 and last traded at C$44.36, with a volume of 100 shares traded. The stock had previously closed at C$43.80.

Other analysts have also issued reports about the stock. TD Securities boosted their target price on shares of Andlauer Healthcare Group from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, Eight Capital dropped their price target on Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$48.57.

Andlauer Healthcare Group Price Performance

The company’s 50-day simple moving average is C$39.63 and its 200 day simple moving average is C$39.58. The company has a debt-to-equity ratio of 41.86, a quick ratio of 1.66 and a current ratio of 1.35. The company has a market cap of C$804.10 million, a PE ratio of 28.29 and a beta of 0.66.

Andlauer Healthcare Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Andlauer Healthcare Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. Andlauer Healthcare Group’s payout ratio is 26.32%.

About Andlauer Healthcare Group

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.