Published On: Mon, Sep 19th, 2016

Concordia Healthcare Corp (CXR) Price Target Lowered to C$7.00 at TD Securities

Concordia Healthcare Corp (TSE:CXR) had its price objective cut by investment analysts at TD Securities from C$14.00 to C$7.00 in a research report issued on Monday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 1.69% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Concordia Healthcare Corp in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. set a C$34.00 price objective on Concordia Healthcare Corp in a research note on Friday, July 22nd. Finally, CIBC cut Concordia Healthcare Corp from a “sector perform” rating to an “underperform” rating in a research note on Monday, August 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$29.00.

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Shares of Concordia Healthcare Corp (TSE:CXR) traded down 4.92% on Monday, reaching $6.77. The company’s stock had a trading volume of 1,033,781 shares. The company has a 50 day moving average of $13.53 and a 200 day moving average of $28.73. Concordia Healthcare Corp has a 1-year low of $6.33 and a 1-year high of $28.35. The stock’s market capitalization is $345.39 million.

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