Mediclinic International PLC (LON:MDC) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 322.60 ($4.22) and last traded at GBX 332.20 ($4.34), with a volume of 1058470 shares. The stock had previously closed at GBX 343.20 ($4.48).
A number of research analysts recently issued reports on MDC shares. Citigroup raised Mediclinic International to a “buy” rating in a report on Tuesday, October 2nd. Barclays lowered Mediclinic International to an “equal weight” rating and lowered their target price for the stock from GBX 660 ($8.62) to GBX 460 ($6.01) in a report on Thursday, October 18th. Finally, HSBC raised Mediclinic International to a “hold” rating and lowered their target price for the stock from GBX 540 ($7.06) to GBX 390 ($5.10) in a report on Thursday, October 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 549 ($7.17).
The company also recently announced a dividend, which will be paid on Tuesday, December 18th. Investors of record on Thursday, December 6th will be issued a dividend of GBX 3.20 ($0.04) per share. This represents a yield of 0.93%. The ex-dividend date is Thursday, December 6th.
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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 17 private acute care hospitals and 4 clinics with approximately 1,805 inpatient beds in Switzerland; 49 acute care private hospitals and 2 day clinics in South Africa, and 3 hospitals in Namibia with approximately 8,131 inpatient beds; and 6 acute care private hospitals and 22 clinics with approximately 748 inpatient beds in the United Arab Emirates.
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