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Melcor Developments - MRD Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$14.00
  • Forecasted Upside: 15.13%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
C$12.16 As of 09/21/2023 01:00 AM ET
▼ -0.06 (-0.49%)

This chart shows the closing price for MRD by one month, three months, or twelve months.

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Analyst Price Target for MRD

Analyst Price Target is C$14.00
▲ +15.13% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Melcor Developments in the last 3 months. The average price target is C$14.00, with a high forecast of C$14.00 and a low forecast of C$14.00. The average price target represents a 15.13% upside from the last price of C$12.16.

This chart shows the closing price for MRD for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 1 investment analysts is to hold stock in Melcor Developments. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/30/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/28/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/26/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/25/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/22/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2023

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/20/2023Royal Bank of CanadaBoost TargetSector PerformC$13.00 ➝ C$14.00
11/14/2022Royal Bank of CanadaLower TargetSector PerformC$15.00 ➝ C$13.00
5/12/2022Royal Bank of CanadaLower TargetSector PerformC$19.00 ➝ C$18.00
3/21/2022Royal Bank of CanadaBoost TargetSector PerformC$18.00 ➝ C$19.00
11/18/2021Royal Bank of CanadaBoost TargetSector PerformC$17.00 ➝ C$18.00
8/9/2021Royal Bank of CanadaBoost TargetSector PerformC$16.00 ➝ C$17.00
7/7/2021Royal Bank of CanadaBoost TargetSector PerformC$12.50 ➝ C$16.00
3/23/2021Royal Bank of CanadaBoost TargetSector PerformC$10.00 ➝ C$12.50
6/1/2020Royal Bank of CanadaLower TargetSector PerformC$13.50 ➝ C$10.00
11/11/2019Royal Bank of CanadaLower TargetSector PerformC$14.00 ➝ C$13.50
9/3/2019Royal Bank of CanadaLower TargetSector PerformC$16.00 ➝ C$14.00
(Data available from 9/21/2018 forward)

News Sentiment Rating

0.69 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/23/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/25/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/24/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/24/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2023
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2023
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2023

Current Sentiment

  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Melcor Developments logo
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, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses. The company also purchases and develops land to be sold as residential, industrial, and commercial lots; develops and leases retail, office, industrial, and multi-family properties; and owns and leases commercial, retail, and residential properties, as well as parking lots and land. It also owns and manages three 18-hole golf courses. Melcor Developments Ltd. was founded in 1923 and is headquartered in Edmonton, Canada.
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Today's Range

Now: C$12.16
Low: C$12.16
High: C$12.22

50 Day Range

MA: C$11.81
Low: C$11.29
High: C$12.25

52 Week Range

Now: C$12.16
Low: C$9.76
High: C$12.32

Volume

2,117 shs

Average Volume

6,491 shs

Market Capitalization

C$375.99 million

P/E Ratio

4.61

Dividend Yield

5.32%

Beta

1.35

Frequently Asked Questions

What sell-side analysts currently cover shares of Melcor Developments?

The following Wall Street analysts have issued reports on Melcor Developments in the last year: Royal Bank of Canada.
View the latest analyst ratings for MRD.

What is the current price target for Melcor Developments?

1 Wall Street analysts have set twelve-month price targets for Melcor Developments in the last year. Their average twelve-month price target is C$14.00, suggesting a possible upside of 15.1%. Royal Bank of Canada has the highest price target set, predicting MRD will reach C$14.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$14.00 for Melcor Developments in the next year.
View the latest price targets for MRD.

What is the current consensus analyst rating for Melcor Developments?

Melcor Developments currently has 1 hold rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in MRD, but not buy more shares or sell existing shares.
View the latest ratings for MRD.

What other companies compete with Melcor Developments?

Other companies that are similar to Melcor Developments include Genesis Land Development, Wall Financial, Dream Unlimited, Dream Office Real Estate Investment Trst and Morguard Real Estate Inv.. Learn More about companies similar to Melcor Developments.

How do I contact Melcor Developments' investor relations team?

Melcor Developments' physical mailing address is 10310 Jasper Ave NW Suite 900, EDMONTON, AB T5J 1Y8, Canada. The company's listed phone number is +1-780-4236931. The official website for Melcor Developments is www.melcor.ca. Learn More about contacing Melcor Developments investor relations.