Medical Facilities Corp (TSE:DR) had its target price cut by equities research analysts at TD Securities from C$21.00 to C$19.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 43.94% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Medical Facilities Corp from C$19.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Friday. Canaccord Genuity raised shares of Medical Facilities Corp from a “hold” rating to a “buy” rating in a research report on Friday. CIBC reduced their price target on shares of Medical Facilities Corp from C$18.25 to C$16.00 and set a “neutral” rating for the company in a research report on Friday. Finally, National Bank Financial reduced their price target on shares of Medical Facilities Corp from C$16.50 to C$15.00 and set a “sector perform” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$15.90.
Medical Facilities Corp (TSE:DR) traded up 10.38% on Friday, hitting $14.57. 299,998 shares of the stock traded hands. Medical Facilities Corp has a 1-year low of $11.14 and a 1-year high of $23.45. The company has a market cap of $452.33 million and a price-to-earnings ratio of 31.67. The stock has a 50-day moving average price of $13.68 and a 200 day moving average price of $16.63.
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In other news, Director Marilynne Day-Linton acquired 2,500 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were purchased at an average cost of C$15.32 per share, with a total value of C$38,300.00. Also, Director Jeffrey Clifford Lozon acquired 2,300 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were purchased at an average cost of C$14.58 per share, for a total transaction of C$33,534.00.
Medical Facilities Corp Company Profile
Medical Facilities Corporation is a Canada-based company, which owns interests in over six entities (the Centers), approximately five of which either own a specialty surgical hospital (SSH) or an ambulatory surgery center (ASC). The Company’s Centers offer facilities, such as staff, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging and diagnostic procedures.
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