Brokerages Set Mediclinic International PLC (MDC) Target Price at $658.50

Mediclinic International PLC (LON:MDC) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 645.17 ($8.35).

Several brokerages have weighed in on MDC. Credit Suisse Group dropped their price objective on Mediclinic International from GBX 660 ($8.54) to GBX 550 ($7.12) and set a “neutral” rating for the company in a report on Thursday. Barclays dropped their price objective on Mediclinic International from GBX 751 ($9.72) to GBX 700 ($9.06) and set an “overweight” rating for the company in a report on Tuesday, August 7th.

LON:MDC traded up GBX 4.60 ($0.06) during mid-day trading on Tuesday, hitting GBX 489.50 ($6.34). 1,794,100 shares of the stock were exchanged, compared to its average volume of 1,610,000. Mediclinic International has a fifty-two week low of GBX 495.40 ($6.41) and a fifty-two week high of GBX 890.18 ($11.52).

The company also recently disclosed a dividend, which was paid on Monday, July 30th. Investors of record on Thursday, June 14th were given a dividend of GBX 4.70 ($0.06) per share. The ex-dividend date was Thursday, June 14th. This represents a yield of 0.76%. This is a positive change from Mediclinic International’s previous dividend of $3.20.

About Mediclinic International

Mediclinic International plc, together with its subsidiaries, operates private hospitals. The company offers acute care, specialist-orientated, and multidisciplinary healthcare services under the Mediclinic and Hirslanden brand names. It operates 49 acute care private hospitals and 2 day clinics in South Africa, and 3 hospitals in Namibia with approximately 8,095 beds; 16 acute care private hospitals with 1,677 beds, as well as 4 clinics in Switzerland; and 6 acute care private hospitals and 31 clinics with 714 beds in the United Arab Emirates.

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Analyst Recommendations for Mediclinic International (LON:MDC)

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