Canaccord Genuity Boosts Medical Facilities Corp (DR) Price Target to C$16.00
Medical Facilities Corp (TSE:DR) had its target price hoisted by research analysts at Canaccord Genuity from C$14.50 to C$16.00 in a research note issued on Monday. Canaccord Genuity’s price objective indicates a potential upside of 5.47% from the stock’s previous close.
A number of other research analysts have also weighed in on DR. National Bank Financial decreased their price objective on Medical Facilities Corp from C$18.00 to C$16.50 in a report on Tuesday, June 13th. CIBC lowered Medical Facilities Corp from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$24.00 to C$18.25 in a report on Wednesday, June 14th. TD Securities decreased their price objective on Medical Facilities Corp from C$23.00 to C$21.00 in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada decreased their price objective on Medical Facilities Corp from C$19.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$16.20.
Shares of Medical Facilities Corp (TSE DR) traded down 2.18% during midday trading on Monday, hitting $14.84. 110,815 shares of the stock were exchanged. The firm has a 50-day moving average of $13.74 and a 200-day moving average of $16.29. Medical Facilities Corp has a 1-year low of $11.14 and a 1-year high of $23.44. The company has a market capitalization of $459.82 million and a P/E ratio of 15.97.
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In related news, Director Marilynne Day-Linton bought 2,500 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of C$15.32 per share, with a total value of C$38,300.00. Also, Director Jeffrey Clifford Lozon bought 2,300 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was bought at an average cost of C$14.58 per share, with a total value of C$33,534.00. Insiders acquired a total of 5,400 shares of company stock valued at $80,828 over the last ninety days.
About Medical Facilities Corp
Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The companys specialty surgical hospitals perform scheduled surgical, imaging, diagnostic, and other procedures, including primary and urgent care; and ambulatory surgery center provides surgical specialties, including orthopedics, pain management, gynecology, gastroenterology, and cosmetic surgery.
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