Canaccord Genuity Lowers Medical Facilities Corp (DR) Price Target to C$12.50

Medical Facilities Corp (TSE:DR) had its price target dropped by stock analysts at Canaccord Genuity from C$13.50 to C$12.50 in a note issued to investors on Monday. Canaccord Genuity’s target price points to a potential downside of 2.65% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DR. TD Securities lowered their price target on shares of Medical Facilities Corp from C$21.00 to C$19.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Royal Bank Of Canada lowered their price target on shares of Medical Facilities Corp from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. CIBC lowered their price target on shares of Medical Facilities Corp from C$18.25 to C$16.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Finally, National Bank Financial lowered their price target on shares of Medical Facilities Corp from C$15.00 to C$13.50 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Three equities research 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 target price of C$14.80.

Shares of Medical Facilities Corp (TSE:DR) opened at C$12.84 on Monday. Medical Facilities Corp has a 52 week low of C$11.14 and a 52 week high of C$19.90.

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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.

Analyst Recommendations for Medical Facilities Corp (TSE:DR)

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