Royal Bank of Canada Lowers Medical Facilities Corp (DR) Price Target to C$20.00

Medical Facilities Corp (TSE:DR) had its price objective reduced by equities researchers at Royal Bank of Canada from C$23.00 to C$20.00 in a research note issued to investors on Thursday, reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 19.47% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. CIBC began coverage on Medical Facilities Corp in a research note on Wednesday, April 5th. They set an “outperform” rating and a C$24.00 price objective for the company. TD Securities reissued a “buy” rating and set a C$25.00 price objective on shares of Medical Facilities Corp in a research note on Friday, March 24th.

Shares of Medical Facilities Corp (TSE:DR) traded down 0.18% during midday trading on Thursday, reaching $16.71. 36,314 shares of the company’s stock traded hands. Medical Facilities Corp has a 52-week low of $16.20 and a 52-week high of $23.44. The firm has a market capitalization of $518.76 million and a P/E ratio of 55.70. The stock’s 50 day moving average price is $18.24 and its 200 day moving average price is $19.01.

The company also recently declared a monthly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, April 17th were given a dividend of $0.0938 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.13 dividend on an annualized basis and a yield of 6.72%.

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Medical Facilities Corp Company Profile

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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