CRH Medical (CRH) Shares Up 0.3%

CRH Medical Corp (TSE:CRH) shares shot up 0.3% during trading on Thursday . The company traded as high as C$3.14 and last traded at C$3.11. 262,551 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 445,779 shares. The stock had previously closed at C$3.10.

A number of analysts recently weighed in on CRH shares. National Bank Financial decreased their price target on shares of CRH Medical from C$5.25 to C$4.25 and set an “outperform” rating for the company in a research note on Monday, November 6th. TD Securities decreased their price target on shares of CRH Medical from C$3.25 to C$2.50 and set a “hold” rating for the company in a research note on Monday, November 6th. Scotiabank decreased their price target on shares of CRH Medical from C$6.00 to C$4.25 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, Royal Bank of Canada decreased their price target on shares of CRH Medical from C$5.00 to C$4.50 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$3.88.

The stock has a market capitalization of $246.04, a P/E ratio of 26.33 and a beta of 0.95.

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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.

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