Bloom Burton Lowers CRH Medical Corp (TSE:CRH) to Accumulate

CRH Medical Corp (TSE:CRH) was downgraded by research analysts at Bloom Burton from a “buy” rating to an “accumulate” rating in a report issued on Friday.

Other analysts have also recently issued reports about the stock. National Bank Financial dropped their price target on shares of CRH Medical Corp from C$9.00 to C$7.00 in a research note on Monday. Royal Bank Of Canada upped their price target on shares of CRH Medical Corp from C$8.50 to C$10.00 and gave the company a “sector perform” rating in a research note on Monday. Scotiabank cut shares of CRH Medical Corp from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$10.00 to C$8.00 in a research note on Friday. Finally, TD Securities dropped their price target 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 note on Friday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$8.75.

CRH Medical Corp (TSE CRH) opened at 4.67 on Friday. The company has a market capitalization of $345.20 million and a PE ratio of 38.28. The stock’s 50 day moving average is $7.75 and its 200 day moving average is $8.77. CRH Medical Corp has a one year low of $4.48 and a one year high of $12.35.

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In other CRH Medical Corp 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.

CRH Medical Corp Company Profile

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.

Analyst Recommendations for CRH Medical Corp (TSE:CRH)

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