dentalcorp (TSE:DNTL) Lowered to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of dentalcorp (TSE:DNTL) from an outperform rating to a sector perform rating in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has C$11.00 price objective on the stock, down from their prior price objective of C$13.00.

A number of other research firms have also recently weighed in on DNTL. CIBC cut shares of dentalcorp from an “outperform” rating to a “tender” rating and lowered their price target for the stock from C$13.00 to C$11.00 in a research note on Monday. Desjardins cut shares of dentalcorp from a “buy” rating to a “tender” rating and lowered their price target for the stock from C$12.75 to C$11.00 in a research note on Monday. BMO Capital Markets cut shares of dentalcorp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$12.00 to C$11.00 in a research note on Monday. TD Securities lowered their price objective on shares of dentalcorp from C$13.00 to C$11.00 and set a “sell” rating on the stock in a research note on Monday. Finally, ATB Capital cut shares of dentalcorp from an “outperform” rating to a “tender” rating and lowered their price objective for the company from C$12.00 to C$11.00 in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$11.70.

dentalcorp Stock Performance

TSE:DNTL opened at C$10.86 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 78.72. dentalcorp has a fifty-two week low of C$7.10 and a fifty-two week high of C$10.95. The stock has a market cap of C$2.16 billion, a PE ratio of -47.22, a price-to-earnings-growth ratio of -2.69 and a beta of 1.38. The firm’s fifty day simple moving average is C$8.26 and its 200-day simple moving average is C$8.26.

dentalcorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Thursday, October 2nd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, October 2nd. dentalcorp’s dividend payout ratio is presently -21.74%.

About dentalcorp

Dentalcorp Holdings Ltd is engaged in acquiring dental practices and providing health care services in Canada. It recognizes revenue for the provision of dental services that are rendered to patients by Partner dentists and dental practitioners contracted by the Professional Corporations and health care services rendered by employees or contractors of the company.