CRH Medical Corp (TSE:CRH) Stock Rating Lowered by Scotiabank

CRH Medical Corp (TSE:CRH) was downgraded by Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday. They currently have a C$8.00 price target on the stock, down from their previous price target of C$10.00. Scotiabank’s target price would indicate a potential upside of 71.31% from the stock’s current price.

A number of other equities analysts also recently weighed in on CRH. TD Securities dropped their target price on shares of CRH Medical Corp from C$12.00 to C$10.50 and set a “buy” rating for the company in a research note on Friday, July 7th. Royal Bank Of Canada boosted their target price on shares of CRH Medical Corp from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CRH Medical Corp presently has an average rating of “Hold” and a consensus 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 has a 50 day moving average of $7.75 and a 200 day moving average of $8.77. CRH Medical Corp has a 12-month low of $4.48 and a 12-month high of $12.35.

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In other CRH Medical Corp news, Director David Johnson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of C$5.67, for a total value of C$170,100.00.

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.

Analyst Recommendations for CRH Medical Corp (TSE:CRH)

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