Medical Facilities Corp (TSE:DR) had its price objective reduced by equities research analysts at Canaccord Genuity from C$17.00 to C$14.50 in a report issued on Tuesday. Canaccord Genuity’s target price points to a potential upside of 29.00% from the company’s previous close.
DR has been the topic of a number of other reports. National Bank Financial cut their price objective on Medical Facilities Corp from C$18.00 to C$16.50 in a research note on Tuesday, June 13th. Royal Bank Of Canada downgraded Medical Facilities Corp from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from C$20.00 to C$19.00 in a research note on Thursday, April 13th. CIBC downgraded Medical Facilities Corp from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$24.00 to C$18.25 in a research note on Wednesday, June 14th. Finally, TD Securities cut their price objective on Medical Facilities Corp from C$25.00 to C$23.00 in a research note on Monday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Medical Facilities Corp has a consensus rating of “Hold” and a consensus target price of C$17.55.
Shares of Medical Facilities Corp (DR) opened at 11.24 on Tuesday. The firm has a market cap of $348.95 million and a P/E ratio of 24.43. Medical Facilities Corp has a 52-week low of $11.14 and a 52-week high of $23.45. The company’s 50-day moving average is $13.90 and its 200-day moving average is $16.80.
In other Medical Facilities Corp news, Director Jeffrey Clifford Lozon purchased 2,300 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were bought at an average cost of C$14.58 per share, with a total value of C$33,534.00. Also, Director Marilynne Day-Linton purchased 2,500 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of C$15.32 per share, for a total transaction 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.
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