National Bankshares Lowers DRI Healthcare Trust (TSE:DHT.UN) Price Target to C$17.50

DRI Healthcare Trust (TSE:DHT.UNGet Free Report) had its target price lowered by National Bankshares from C$23.50 to C$17.50 in a report released on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 42.62% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective on DRI Healthcare Trust from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. CIBC upped their price objective on DRI Healthcare Trust from C$19.50 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Finally, Raymond James cut shares of DRI Healthcare Trust from a “strong-buy” rating to an “outperform” rating and set a C$24.00 price objective on the stock. in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$19.14.

View Our Latest Report on DRI Healthcare Trust

DRI Healthcare Trust Trading Up 43.2 %

TSE DHT.UN opened at C$12.27 on Tuesday. The business’s fifty day moving average is C$15.03 and its 200 day moving average is C$14.92. DRI Healthcare Trust has a fifty-two week low of C$10.21 and a fifty-two week high of C$17.43.

About DRI Healthcare Trust

(Get Free Report)

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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