Robert W. Baird Reiterates Buy Rating for MFC Bancorp (MFCB)
Robert W. Baird reissued their buy rating on shares of MFC Bancorp (NYSE:MFCB) in a research report report published on Thursday morning. They currently have a $201.00 target price on the financial services provider’s stock.
MFC Bancorp (NYSE MFCB) opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.07 and a current ratio of 2.14. MFC Bancorp has a 12-month low of $7.15 and a 12-month high of $11.35.
A hedge fund recently bought a new stake in MFC Bancorp stock. 22NW LP acquired a new stake in MFC Bancorp Ltd. (NYSE:MFCB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 124,220 shares of the financial services provider’s stock, valued at approximately $1,167,000. 22NW LP owned about 0.99% of MFC Bancorp as of its most recent SEC filing. 29.84% of the stock is currently owned by institutional investors and hedge funds.
MFC Bancorp Ltd., formerly FC Industrial Ltd., is a finance and supply chain company. The Company facilitates the working capital and other requirements of its customers. Its business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties.
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