Medical Facilities Corp (TSE:DR) had its target price reduced by analysts at National Bank Financial from C$16.50 to C$15.00 in a research note issued to investors on Wednesday, August 9th. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 5.26% from the company’s current price.
Several other equities research analysts have also commented on the stock. TD Securities lowered their price target on shares of Medical Facilities Corp from C$25.00 to C$23.00 in a report on Monday, April 17th. Royal Bank Of Canada lowered shares of Medical Facilities Corp from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from C$20.00 to C$19.00 in a report on Thursday, April 13th. CIBC lowered shares of Medical Facilities Corp from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$24.00 to C$18.25 in a report on Wednesday, June 14th. Finally, Canaccord Genuity decreased their price objective on shares of Medical Facilities Corp from C$17.00 to C$14.50 in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$15.90.
Shares of Medical Facilities Corp (TSE:DR) traded down 5.13% during trading on Wednesday, reaching $14.25. The company had a trading volume of 249,303 shares. The stock has a market capitalization of $441.54 million and a price-to-earnings ratio of 15.34. Medical Facilities Corp has a 1-year low of $11.14 and a 1-year high of $23.45. The company’s 50 day moving average is $13.65 and its 200-day moving average is $16.43.
In related news, Director Marilynne Day-Linton purchased 2,500 shares of Medical Facilities Corp stock in a transaction that occurred on Wednesday, June 14th. The stock was purchased at an average price of C$15.32 per share, for a total transaction of C$38,300.00. Also, Director Jeffrey Clifford Lozon purchased 2,300 shares of Medical Facilities Corp stock in a transaction that occurred on Thursday, June 29th. The shares were bought at an average price of C$14.58 per share, with a total value of C$33,534.00. In the last quarter, insiders acquired 5,400 shares of company stock valued at $80,828.
Medical Facilities Corp Company Profile
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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