Medical Facilities Corp (DR) PT Raised to C$23.00
Medical Facilities Corp (TSE:DR) had its price target lifted by investment analysts at Canaccord Genuity from C$22.00 to C$23.00 in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 5.41% from the stock’s current price.
Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Medical Facilities Corp in a research report on Monday, July 18th.
Shares of Medical Facilities Corp (TSE:DR) traded up 1.08% during midday trading on Wednesday, reaching $21.96. 42,445 shares of the company traded hands. The stock’s market capitalization is $681.75 million. Medical Facilities Corp has a 1-year low of $12.75 and a 1-year high of $22.66. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $18.72.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be given a dividend of $0.0938 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.16%.
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.
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