Medical Facilities (TSE:DR) had its price target increased by stock analysts at CIBC from C$16.00 to C$16.50 in a note issued to investors on Monday, March 19th. CIBC’s price objective points to a potential upside of 22.22% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. Canaccord Genuity raised their target price on shares of Medical Facilities from C$12.50 to C$13.50 in a report on Monday, January 15th. TD Securities reduced their target price on shares of Medical Facilities from C$19.00 to C$17.50 and set a “buy” rating for the company in a report on Friday, February 9th. National Bank Financial raised their price objective on shares of Medical Facilities from C$13.50 to C$14.25 in a research note on Monday, January 15th. Finally, Royal Bank of Canada raised their price objective on shares of Medical Facilities from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$14.85.
TSE DR opened at C$13.50 on Monday. Medical Facilities has a 12 month low of C$11.14 and a 12 month high of C$18.12.
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About Medical Facilities
Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company's specialty surgical hospitals perform scheduled surgical, imaging, diagnostic, and other procedures, including primary and urgent care; and ambulatory surgery center provides surgical specialties, including orthopedics, pain management, gynecology, gastroenterology, and cosmetic surgery.
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