Medical Facilities Corp (DR) Price Target Lowered to C$14.00 at Royal Bank Of Canada
Medical Facilities Corp (TSE:DR) had its target price lowered by Royal Bank Of Canada from C$15.00 to C$14.00 in a report issued on Tuesday. The firm currently has a sector perform rating on the stock.
DR has been the subject of a number of other research reports. Canaccord Genuity lifted their price objective on shares of Medical Facilities Corp from C$14.50 to C$16.00 in a report on Monday, August 28th. National Bank Financial decreased their price objective on shares of Medical Facilities Corp from C$16.50 to C$15.00 and set a sector perform rating for the company in a report on Wednesday, August 9th. CIBC decreased their price objective on shares of Medical Facilities Corp from C$18.25 to C$16.00 and set a neutral rating for the company in a report on Friday, August 11th. Finally, TD Securities decreased their price objective on shares of Medical Facilities Corp from C$21.00 to C$19.00 and set a buy rating for the company 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 stock. The stock has an average rating of Hold and a consensus price target of C$16.00.
Shares of Medical Facilities Corp (TSE:DR) opened at 14.07 on Tuesday. Medical Facilities Corp has a 52 week low of $11.14 and a 52 week high of $22.18. The firm has a market cap of $435.96 million and a PE ratio of 15.15. The company’s 50-day moving average is $15.04 and its 200-day moving average is $15.07.
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The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.0938 per share. This represents a $1.13 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Monday, October 30th.
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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