Published On: Sat, Sep 10th, 2016

Concordia Healthcare Corp (CXR) Given “Outperform” Rating at Royal Bank Of Canada

Concordia Healthcare Corp (TSE:CXR)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank Of Canada in a report released on Thursday, reports. They currently have a C$32.00 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 236.49% from the company’s current price.
Several other brokerages have also recently issued reports on CXR. TD Securities reduced their price objective on Concordia Healthcare Corp from C$45.00 to C$37.00 and set a “buy” rating on the stock in a research note on Tuesday, June 28th. 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Concordia Healthcare Corp has a consensus rating of “Hold” and an average price target of C$30.75.
Shares of Concordia Healthcare Corp (TSE:CXR) traded down 4.52% during mid-day trading on Thursday, hitting $9.51. The stock had a trading volume of 750,157 shares. The firm has a 50 day moving average price of $15.83 and a 200 day moving average price of $29.87. Concordia Healthcare Corp has a 52-week low of $9.33 and a 52-week high of $100.85. The firm’s market cap is $485.17 million.

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