Medical Facilities Corp (TSE:DR) had its price target dropped by stock analysts at Canaccord Genuity from C$17.00 to C$14.50 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s target price would suggest a potential upside of 15.81% from the company’s current price.

Several other analysts also recently issued reports on DR. TD Securities decreased their price objective on shares of Medical Facilities Corp from C$23.00 to C$21.00 in a research note on Wednesday, June 14th. CIBC downgraded shares of Medical Facilities Corp from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$24.00 to C$18.25 in a research note on Wednesday, June 14th. National Bank Financial decreased their price objective on shares of Medical Facilities Corp from C$18.00 to C$16.50 in a research note on Tuesday, June 13th. Finally, Royal Bank Of Canada downgraded shares of Medical Facilities Corp from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$20.00 to C$19.00 in a research note on Thursday, April 13th.

Medical Facilities Corp (DR) traded down 4.07% on Tuesday, hitting $12.01. The stock had a trading volume of 132,524 shares. The company’s 50 day moving average price is $14.08 and its 200 day moving average price is $16.90. The firm has a market cap of $372.85 million and a price-to-earnings ratio of 26.11. Medical Facilities Corp has a 52-week low of $12.00 and a 52-week high of $23.44.

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In related news, Director Marilynne Day-Linton bought 2,500 shares of Medical Facilities Corp stock in a transaction dated Wednesday, June 14th. The shares were acquired at an average cost of C$15.32 per share, with a total value of C$38,300.00. Also, Director Jeffrey Clifford Lozon bought 2,300 shares of Medical Facilities Corp stock in a transaction dated Thursday, June 29th. The shares were bought at an average cost of C$14.58 per share, for a total transaction of C$33,534.00.

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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