Morguard (TSE:MRC – Get Rating) had its target price decreased by analysts at Royal Bank of Canada from C$200.00 to C$195.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 64.04% from the stock’s current price.
Separately, CIBC upped their price target on shares of Morguard from C$175.00 to C$180.00 and gave the company an “outperform” rating in a report on Tuesday, March 1st.
TSE MRC traded down C$3.62 on Monday, hitting C$118.87. The stock had a trading volume of 2,719 shares, compared to its average volume of 3,239. The business’s fifty day moving average price is C$132.26 and its 200 day moving average price is C$133.54. The company has a debt-to-equity ratio of 150.83, a current ratio of 0.26 and a quick ratio of 0.22. Morguard has a 52-week low of C$118.50 and a 52-week high of C$158.01. The stock has a market cap of C$1.32 billion and a price-to-earnings ratio of 5.28.
About Morguard (Get Rating)
Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms.
- Institutional Support For Tyson Foods Is Growing
- Johnson Outdoors Falls On Bleak Outlook
- Time to Buy These 3 Oversold Mid-Caps
- HCA Healthcare Stock is Ready to Climb Higher
- Mattel Stock is Ready to Catch
Receive News & Ratings for Morguard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morguard and related companies with MarketBeat.com's FREE daily email newsletter.