Robert W. Baird Believes MFC Bancorp Ltd (MFCB) Won’t Stop Here
Robert W. Baird analyst Colin Sebastian maintained a Buy rating on MFC Bancorp Ltd (MFCB) today. The company’s shares opened today at $7.28, close to its 52-week high of $7.66.
“We now anticipate 2019 console software revenues to decline slightly (-2%), with a return to double-digit growth in 2020 with the launch of new game platforms and stronger launch slate. We continue to see significant long-term upside potential for ATVI, EA and TTWO.”
According to TipRanks.com, Sebastian is a top 100 analyst with an average return of 23.5% and a 71.0% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Paypal Holdings, and Alphabet Inc.
MFC Bancorp Ltd has an analyst consensus of Hold.
See today’s analyst top recommended stocks >>
Based on MFC Bancorp Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $26.66 million. In comparison, last year the company had a GAAP net loss of $26.66 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
MFC Bancorp Ltd. engages in the provision of financial services and facilitates structured trade for corporations and institutions. It operates through the Merchant Banking and All Other business segments.