Royal Bank of Canada Raises Morguard Corp (MRC) Price Target to C$210.00

Morguard Corp (TSE:MRC) had its target price lifted by Royal Bank of Canada from C$205.00 to C$210.00 in a research note released on Wednesday morning, reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Morguard Corp (TSE:MRC) opened at 178.34 on Wednesday. The firm has a market cap of $2.13 billion and a P/E ratio of 12.33. The stock has a 50 day moving average of $181.50 and a 200-day moving average of $176.48. Morguard Corp has a 12 month low of $138.00 and a 12 month high of $189.00.

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Morguard Corp Company Profile

Morguard Corp is a Canada-based real estate investment company. The Company is engaged in the acquisition, development and ownership of commercial, multi-unit residential and hotel real estate properties. It is also a real estate investment advisors and a management company. The Company and its subsidiaries, including Morguard Residential REIT and Morguard REIT, owns a portfolio of over 175 multi-unit residential, retail, office, industrial and hotel properties located in Canada and in the United States.

Stock Target Prices

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