Davis + Henderson Stock Rating Lowered by Scotiabank (DH)
Davis + Henderson (TSE:DH) was downgraded by research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report released on Friday, StockRatingsNetwork.com reports. They currently have a C$29.00 price objective on the stock. Scotiabank’s price target points to a potential downside of 1.02% from the company’s current price.
Davis + Henderson (TSE:DH) traded down 1.81% on Friday, hitting $28.77. The stock had a trading volume of 190,641 shares. Davis + Henderson has a 52 week low of $20.79 and a 52 week high of $29.97. The stock has a 50-day moving average of $23.28 and a 200-day moving average of $22.21. The company has a P/E ratio of 45.08.
A number of other firms have also recently commented on DH. Analysts at TD Securities raised their price target on shares of Davis + Henderson from C$31.00 to C$33.00 in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Davis + Henderson from C$27.00 to C$31.00 in a research note to investors on Thursday, November 21st. They now have a “sector perform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Davis + Henderson from C$26.00 to C$27.50 in a research note to investors on Thursday, November 7th. They now have a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Davis + Henderson presently has an average rating of “Hold” and an average target price of C$29.58.
Davis + Henderson Corporation (TSE:DH), formerly Davis + Henderson Income Fund, is a provider of cheque supply programs, technology solutions and business services to customers in the financial services industry who offer payment, lending, insurance and wealth management products to consumers and businesses.
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