Discussion stirs around Melcor Developments Ltd. (TSE:MRD) this week; here is what analysts are saying.

January 14, 2018 - By Clifton Ray

 Discussion stirs around Melcor Developments Ltd. (TSE:MRD) this week; here is what analysts are saying.

Melcor Developments Ltd. (TSE:MRD) Ratings Coverage

Among 2 analysts covering Melcor Developments (TSE:MRD), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Melcor Developments had 6 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, November 24. On Friday, May 20 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Below is a list of Melcor Developments Ltd. (TSE:MRD) latest ratings and price target changes.

It closed at $15.35 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Melcor Developments Ltd. operates as a diversified real estate development and asset management firm in Canada and the United States. The company has market cap of $512.27 million. The firm operates through Community Development, Property Development, Investment Property, REIT, Recreation Property, and US Operations divisions. It has a 16.92 P/E ratio. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.

More notable recent Melcor Developments Ltd. (TSE:MRD) news were published by: Marketwired.com which released: “Melcor Developments announces changes to executive team” on March 15, 2017, also Marketwired.com with their article: “Melcor Developments announces second quarter results, declares quarterly …” published on August 09, 2017, Marketwired.com published: “Melcor Developments Announces $138 Million Sale to Melcor REIT & Increases …” on November 12, 2014. More interesting news about Melcor Developments Ltd. (TSE:MRD) were released by: Reuters.com and their article: “BRIEF-Melcor Developments says CEO and President Brian Baker resigned” published on March 15, 2017 as well as Marketwired.com‘s news article titled: “Melcor REIT Announces $15.25 Million Property Acquisition from Melcor …” with publication date: November 09, 2015.

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