Melcor Developments (TSE:MRD) Price Target Lowered to C$13.00 at Royal Bank of Canada

Melcor Developments (TSE:MRDGet Rating) had its target price reduced by Royal Bank of Canada from C$15.00 to C$13.00 in a research report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Melcor Developments Stock Performance

MRD stock opened at C$10.84 on Monday. The stock has a 50-day moving average price of C$11.04 and a 200-day moving average price of C$12.43. Melcor Developments has a 1-year low of C$9.76 and a 1-year high of C$17.84. The company has a current ratio of 9.62, a quick ratio of 2.20 and a debt-to-equity ratio of 61.50. The firm has a market cap of C$347.54 million and a PE ratio of 4.00.

Melcor Developments Company Profile

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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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