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.

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Melcor Developments Company Profile

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