DRI Healthcare Trust (TSE:DHT.UN – Get Free Report) shares traded up 38.3% during mid-day trading on Monday . The stock traded as high as C$17.43 and last traded at C$17.33. 29,555 shares were traded during trading, a decline of 15% from the average session volume of 34,784 shares. The stock had previously closed at C$12.53.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. CIBC increased their target price on DRI Healthcare Trust from C$19.00 to C$19.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. National Bankshares raised their price objective on DRI Healthcare Trust from C$22.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Scotiabank raised their price objective on DRI Healthcare Trust from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Raymond James raised DRI Healthcare Trust from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from C$22.00 to C$24.00 in a report on Friday, March 1st. Finally, Stifel Nicolaus increased their target price on DRI Healthcare Trust from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$21.83.
Get Our Latest Research Report on DRI Healthcare Trust
DRI Healthcare Trust Price Performance
DRI Healthcare Trust Company Profile
DRI Healthcare Trust focuses on managing and growing a portfolio of pharmaceutical royalties. It owns a portfolio of 18 royalties derived from the sale of 14 various pharmaceutical products that focuses on eight therapeutic areas. The company was incorporated in 2020 and is headquartered in Toronto, Canada.
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