Royal Bank of Canada Lowers Melcor Developments (OTCMKTS:MODVF) Price Target to C$18.00

Melcor Developments (OTCMKTS:MODVF – Get Rating) had its price objective reduced by analysts at Royal Bank of Canada from C$19.00 to C$18.00 in a note issued to investors on Wednesday, The Fly reports.

Shares of Melcor Developments stock traded down $0.82 on Wednesday, reaching $10.27. 100 shares of the stock were exchanged, compared to its average volume of 1,389. Melcor Developments has a twelve month low of $8.78 and a twelve month high of $14.22. The business has a 50 day moving average price of $12.95 and a two-hundred day moving average price of $11.90.

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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