Melcor Developments (TSE:MRD) PT Lowered to C$18.00

Melcor Developments (TSE:MRDGet Rating) had its price target reduced by equities research analysts at Royal Bank of Canada from C$19.00 to C$18.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 31.58% from the stock’s previous close.

Shares of TSE:MRD opened at C$13.68 on Thursday. The stock has a market capitalization of C$449.16 million and a PE ratio of 8.05. Melcor Developments has a 1 year low of C$11.44 and a 1 year high of C$17.84. The firm has a fifty day moving average price of C$16.27 and a 200 day moving average price of C$15.12. The company has a current ratio of 9.21, a quick ratio of 2.13 and a debt-to-equity ratio of 59.51.

Melcor Developments (TSE:MRDGet Rating) last issued its quarterly earnings data on Wednesday, March 16th. The company reported C$1.35 earnings per share (EPS) for the quarter. The business had revenue of C$150.60 million during the quarter. On average, sell-side analysts forecast that Melcor Developments will post 2.1900001 earnings per share for the current fiscal year.

Melcor Developments Company Profile (Get Rating)

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.

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