Medical Facilities Corp (DR) Upgraded to “Buy” by Canaccord Genuity

Medical Facilities Corp (TSE:DR) was upgraded by equities research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Friday.

Other equities research analysts have also recently issued research reports about the stock. CIBC lowered 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. TD Securities lowered their price target on shares of Medical Facilities Corp from C$23.00 to C$21.00 in a research report on Wednesday, June 14th. National Bank Financial lowered 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. Finally, Royal Bank Of Canada cut shares of Medical Facilities Corp from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$20.00 to C$19.00 in a report on Thursday, April 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Medical Facilities Corp has an average rating of “Hold” and an average target price 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 12-month low of $11.14 and a 12-month high of $23.45. The stock has a market cap of $452.33 million and a P/E 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 Jeffrey Clifford Lozon acquired 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average price of C$14.58 per share, for a total transaction of C$33,534.00. Also, Director Marilynne Day-Linton acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average price of C$15.32 per share, with a total value of C$38,300.00.

About Medical Facilities Corp

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.

Analyst Recommendations for Medical Facilities Corp (TSE:DR)

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