Scotiabank Forecasts Strong Price Appreciation for Andlauer Healthcare Group (TSE:AND) Stock

Andlauer Healthcare Group (TSE:AND) had its price objective boosted by stock analysts at Scotiabank from C$43.00 to C$44.00 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target indicates a potential downside of 1.26% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. TD Securities increased their target price on Andlauer Healthcare Group from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Thursday. Eight Capital dropped their price objective on shares of Andlauer Healthcare Group from C$58.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised their target price on shares of Andlauer Healthcare Group from C$41.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Andlauer Healthcare Group has a consensus rating of “Moderate Buy” and an average price target of C$48.57.

Andlauer Healthcare Group Price Performance

Andlauer Healthcare Group stock traded up C$0.76 during trading on Thursday, reaching C$44.56. The company had a trading volume of 16,040 shares, compared to its average volume of 30,309. The company has a debt-to-equity ratio of 41.86, a quick ratio of 1.66 and a current ratio of 1.35. The firm’s 50-day simple moving average is C$39.52 and its 200 day simple moving average is C$39.55. The firm has a market capitalization of C$833.27 million, a PE ratio of 29.24 and a beta of 0.66. Andlauer Healthcare Group has a 1-year low of C$36.43 and a 1-year high of C$44.58.

About Andlauer Healthcare Group

Andlauer Healthcare Group Inc, a supply chain management company, provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada and the United States. The company operates in two segments, Specialized Transportation and Healthcare Logistics.