Scully Royalty Ltd traded at $6.87 this Thursday April 23rd, decreasing $0.15 or 2.14 percent since the previous trading session. Looking back, over the last four weeks, Scully Royalty lost 10.89 percent. Over the last 12 months, its price fell by 9.15 percent. Looking ahead, we forecast Scully Royalty Ltd to be priced at 6.73 by the end of this quarter and at 6.33 in one year, according to Trading Economics global macro models projections and analysts expectations.
Scully Royalty Ltd., formerly MFC Bancorp Ltd., is an integrated Merchant Banking company. Along with subsidiaries, the Company operates its business through two segments. The Merchant Banking segment is mainly engaged in the provision of financial services and facilitates structured trade for corporations and institutions. The business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties. The All Other segment is mainly involved in committing its own capital to enterprises and invest and otherwise capture investment opportunities for its own account. Its primary investment business activities are in medical equipment, instruments, supplies and services.