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.
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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