Royal Bank Of Canada Trims CRH Medical Co. (CRH) Target Price to C$4.50

CRH Medical Co. (TSE:CRH) had its target price reduced by Royal Bank Of Canada from C$5.00 to C$4.50 in a research note issued on Thursday, November 2nd. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 100.00% from the company’s previous close.

Several other equities analysts have also commented on CRH. TD Securities lowered their target price on CRH Medical from C$12.00 to C$10.50 and set a “buy” rating for the company in a report on Friday, July 7th. Scotiabank downgraded CRH Medical from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$10.00 to C$8.00 in a research report on Friday, July 14th. National Bank Financial reduced their price objective on CRH Medical from C$9.00 to C$7.00 in a research report on Monday, July 17th. Bloom Burton downgraded CRH Medical from a “buy” rating to an “accumulate” rating in a research report on Friday, July 14th. Finally, Beacon Securities downgraded CRH Medical from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$3.88.

CRH Medical (TSE CRH) traded down C$0.11 during trading hours on Thursday, hitting C$2.25. The stock had a trading volume of 223,225 shares, compared to its average volume of 446,809. CRH Medical has a 52 week low of C$1.86 and a 52 week high of C$12.35.

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About CRH Medical

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 (TSE:CRH)

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