CRH Medical Corp (CRH) Given Consensus Rating of “Buy” by Brokerages
CRH Medical Corp (TSE:CRH) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$6.75.
A number of research firms have issued reports on CRH. Bloom Burton downgraded shares of CRH Medical Corp from a “buy” rating to an “accumulate” rating in a research report on Friday, July 14th. National Bank Financial cut their target price on shares of CRH Medical Corp from C$7.00 to C$5.25 and set an “outperform” rating on the stock in a research report on Friday. Scotiabank cut their target price on shares of CRH Medical Corp from C$10.25 to C$9.75 and set an “outperform” rating on the stock in a research report on Tuesday, April 25th. TD Securities cut their target price on shares of CRH Medical Corp from C$10.50 to C$10.00 and set a “buy” rating on the stock in a research report on Friday, July 14th. Finally, Royal Bank Of Canada cut their target price on shares of CRH Medical Corp from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research report on Friday.
In related news, Director David Johnson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of C$5.67, for a total value of C$170,100.00.
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Shares of CRH Medical Corp (TSE CRH) opened at 3.14 on Tuesday. The company has a 50 day moving average of $6.16 and a 200-day moving average of $8.46. The company has a market capitalization of $232.11 million and a P/E ratio of 25.74. CRH Medical Corp has a 12-month low of $3.10 and a 12-month high of $12.35.
About CRH Medical Corp
CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.
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