Robert W. Baird Keeps a Buy Rating on MFC Bancorp Ltd

By Carrie Williams

Robert W. Baird analyst Ethan Bellamy maintained a Buy rating on MFC Bancorp Ltd (NYSE: MFCB) on December 5 and set a price target of $201. The company’s shares closed yesterday at $7.74, close to its 52-week low of $7.15.

According to TipRanks.com, Bellamy is ranked 0 out of 5 stars with an average return of -4.1% and a 38.2% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Noble Midstream Partners LP.

MFC Bancorp Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $201.

The company has a one-year high of $11.35 and a one-year low of $7.15. Currently, MFC Bancorp Ltd has an average volume of 15.5K.

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MFC Bancorp Ltd. engages in sourcing and supplying various products worldwide. Its various products include minerals, ferrous and non-ferrous metals, chemicals, plastics, refractory and ceramic materials and wood products. The firm operates through its segments: Trade Finance, Services, and All Other.