Royal Bank of Canada Lowers Melcor Developments (OTCMKTS:MODVF) Price Target to C$13.00

Melcor Developments (OTCMKTS:MODVFGet Rating) had its price target lowered by Royal Bank of Canada from C$15.00 to C$13.00 in a research report issued on Monday, The Fly reports.

Melcor Developments Stock Performance

Shares of Melcor Developments stock opened at $8.15 on Monday. Melcor Developments has a 1 year low of $7.37 and a 1 year high of $14.22. The firm’s 50-day moving average is $8.20 and its two-hundred day moving average is $9.52.

About Melcor Developments

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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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