Scotiabank Issues Positive Forecast for DRI Healthcare Trust (TSE:DHT.UN) Stock Price

DRI Healthcare Trust (TSE:DHT.UN) had its target price raised by analysts at Scotiabank from C$25.00 to C$30.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 84.73% from the company’s current price.

Separately, Stifel Nicolaus upped their price target on DRI Healthcare Trust from C$21.00 to C$22.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$22.30.

DRI Healthcare Trust Stock Performance

Shares of DHT.UN stock traded up C$0.10 during trading hours on Tuesday, reaching C$16.24. The company had a trading volume of 118,020 shares, compared to its average volume of 42,893. The stock has a fifty day moving average of C$16.59 and a 200-day moving average of C$16.28. The company has a market capitalization of C$893.48 million, a price-to-earnings ratio of -18.04 and a beta of 0.35. DRI Healthcare Trust has a 12-month low of C$12.51 and a 12-month high of C$17.69.

About DRI Healthcare Trust

DRI Healthcare Trust is managed by DRI Capital Inc DRI a pioneer in global pharmaceutical royalty monetization. We provide uniquely favorable exposure for investors in the biopharma industry managing a diversified portfolio of interests in medicines that have a demonstrable positive impact on the world and aiming to acquire dependable patent-protected cash flow streams derived from the sales of those important drugs while limiting the risks and costs connected to drug development. DRI has developed a disciplined strategy predicated on actively sourcing royalty streams on medically necessary products and proudly work with multiple repeat deal partners.DRI Healthcare Trust is an unincorporated open-ended trust governed by the laws of the Province of Ontario pursuant to a declaration of trust dated October 21 2020 as amended.DRI Healthcare Trusts units are listed and trade on the Toronto Stock Exchange under DHT.UN in Canadian dollars and under DHT.U in U.S.