Stifel Nicolaus Issues Pessimistic Forecast for Quipt Home Medical (TSE:QIPT) Stock Price

Quipt Home Medical (TSE:QIPT) had its price objective lowered by equities research analysts at Stifel Nicolaus from C$8.40 to C$7.50 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 110.67% from the company’s previous close.

Quipt Home Medical Stock Performance

Shares of TSE QIPT opened at C$3.56 on Thursday. The stock has a fifty day simple moving average of C$3.72 and a 200-day simple moving average of C$4.14. Quipt Home Medical has a twelve month low of C$3.28 and a twelve month high of C$6.98. The stock has a market capitalization of C$153.40 million, a PE ratio of -20.94 and a beta of 1.01.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.