Royal Bank of Canada Raises CRH Medical Corp (CRH) Price Target to C$11.00

CRH Medical Corp (TSE:CRH) had its price objective boosted by Royal Bank of Canada from C$9.50 to C$11.00 in a research note released on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities analysts have also weighed in on CRH. Scotiabank reissued an outperform rating and set a C$9.25 price objective on shares of CRH Medical Corp in a research note on Wednesday, January 25th. TD Securities reissued a buy rating and set a C$10.00 price objective on shares of CRH Medical Corp in a research note on Monday, January 30th. National Bank Financial reissued a sector perform rating and set a C$9.50 price objective on shares of CRH Medical Corp in a research note on Wednesday, February 15th. Beacon Securities reissued a buy rating on shares of CRH Medical Corp in a research note on Friday, February 24th. Finally, Bloom Burton lowered CRH Medical Corp from a buy rating to an accumulate rating in a research note on Friday, February 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$10.56.

Analyst Recommendations for CRH Medical Corp (TSE:CRH)

CRH Medical Corp (TSE:CRH) opened at 11.30 on Thursday. The stock’s 50 day moving average price is $9.33 and its 200-day moving average price is $7.35. CRH Medical Corp has a 52-week low of $3.66 and a 52-week high of $11.50. The company has a market cap of $822.02 million and a P/E ratio of 79.58.

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In other CRH Medical Corp news, Director David Johnson sold 25,000 shares of CRH Medical Corp stock in a transaction on Friday, March 3rd. The stock was sold at an average price of C$7.45, for a total value of C$186,250.00.

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.

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