Medical Facilities Corp (TSE:DR) had its target price dropped by CIBC from C$18.25 to C$16.00 in a report issued on Friday. The firm currently has a “neutral” rating on the stock. CIBC’s target price points to a potential upside of 7.38% from the company’s previous close.

DR has been the topic of several other reports. National Bank Financial decreased their price target on shares of Medical Facilities Corp from C$16.50 to C$15.00 and set a “sector perform” rating on the stock in a research note on Wednesday. TD Securities decreased their price target on shares of Medical Facilities Corp from C$23.00 to C$21.00 in a research note on Wednesday, June 14th. Canaccord Genuity decreased their price target on shares of Medical Facilities Corp from C$17.00 to C$14.50 in a research note on Tuesday. 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 target for the stock from C$20.00 to C$19.00 in a research note on Thursday, April 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$15.90.

Medical Facilities Corp (TSE:DR) traded up 12.88% during midday trading on Friday, reaching $14.90. 484,644 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $13.68 and a 200-day moving average of $16.63. The stock has a market cap of $462.57 million and a PE ratio of 32.39. Medical Facilities Corp has a 12 month low of $11.14 and a 12 month high of $23.45.

COPYRIGHT VIOLATION WARNING: “Medical Facilities Corp (DR) Given New C$16.00 Price Target at CIBC” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/08/11/medical-facilities-corp-dr-given-new-c16-00-price-target-at-cibc.html.

In other news, Director Marilynne Day-Linton bought 2,500 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were purchased at an average price of C$15.32 per share, for a total transaction of C$38,300.00. Also, Director Jeffrey Clifford Lozon bought 2,300 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was purchased at an average price 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.

Analyst Recommendations for Medical Facilities Corp (TSE:DR)

Receive News & Ratings for Medical Facilities Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medical Facilities Corp and related companies with MarketBeat.com's FREE daily email newsletter.