Robert W. Baird Believes MFC Bancorp Ltd (NYSE: MFCB) Won’t Stop Here

Robert W. Baird analyst Colin Sebastian maintained a Buy rating on MFC Bancorp Ltd (MFCBResearch Report) today. The company’s shares opened today at $7.28, close to its 52-week high of $7.66.

Sebastian noted:

“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.

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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.

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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.

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