Canaccord Genuity Increases Medical Facilities Corp (DR) Price Target to C$23.00

Medical Facilities Corp (TSE:DR) had its target price lifted by Canaccord Genuity from C$22.00 to C$23.00 in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price target would indicate a potential upside of 6.33% from the company’s previous close.

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Medical Facilities Corp in a research report on Monday, July 18th.

Medical Facilities Corp (TSE:DR) opened at 21.63 on Wednesday. The firm has a 50-day moving average of $21.00 and a 200 day moving average of $18.76. Medical Facilities Corp has a 12 month low of $12.75 and a 12 month high of $22.66. The stock’s market cap is $671.50 million.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 17th will be given a $0.0938 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, September 28th.

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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