Melcor Developments Ltd. (TSE:MRD)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Thursday. They presently have a C$16.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.04% from the company’s current price.

Shares of Melcor Developments (TSE:MRD) opened at 13.67 on Thursday. Melcor Developments has a 1-year low of $11.30 and a 1-year high of $15.75. The stock has a 50 day moving average price of $12.71 and a 200 day moving average price of $13.77. The company has a market capitalization of $454.58 million and a price-to-earnings ratio of 10.59.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2016/11/28/melcor-developments-ltd-mrd-rating-reiterated-by-royal-bank-of-canada.html.

Melcor Developments Company Profile

Receive News & Stock Ratings for Melcor Developments Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melcor Developments Ltd. and related stocks with our FREE daily email newsletter.