Morguard (TSE:MRC) Price Target Lowered to C$165.00 at CIBC

Morguard (TSE:MRCGet Rating) had its price target cut by CIBC from C$180.00 to C$165.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Separately, Royal Bank of Canada decreased their price target on shares of Morguard from C$200.00 to C$195.00 and set a sector perform rating on the stock in a report on Monday, May 9th.

Shares of TSE:MRC opened at C$116.01 on Tuesday. The firm has a 50 day moving average of C$130.46 and a 200-day moving average of C$132.85. The stock has a market capitalization of C$1.29 billion and a PE ratio of 5.16. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 150.83. Morguard has a 12 month low of C$114.00 and a 12 month high of C$158.01.

Morguard (TSE:MRCGet Rating) last issued its earnings results on Thursday, February 24th. The real estate investment trust reported C$10.40 EPS for the quarter. The firm had revenue of C$272.68 million during the quarter. On average, research analysts predict that Morguard will post 14.3999985 EPS for the current fiscal year.

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.

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