Mainstreet Equity Corp. (TSE:MEQ) PT Raised to C$39.00 at TD Securities
Mainstreet Equity Corp. (TSE:MEQ) had its price target boosted by stock analysts at TD Securities from C$37.00 to C$39.00 in a research note issued on Friday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 4.33% from the stock’s current price.
Mainstreet Equity Corp. (TSE MEQ) traded up 0.05% during trading on Friday, hitting $37.40. 7,230 shares of the stock traded hands. The firm has a market cap of $332.37 million and a PE ratio of 7.70. Mainstreet Equity Corp. has a 12 month low of $30.20 and a 12 month high of $38.04. The firm has a 50-day moving average price of $37.21 and a 200 day moving average price of $35.92.
Mainstreet Equity Corp. (TSE:MEQ) last announced its quarterly earnings results on Thursday, July 20th. The company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of $0.54 by $1.69. Mainstreet Equity Corp. had a negative return on equity of 1.53% and a negative net margin of 8.52%. The business had revenue of $26.38 million during the quarter, compared to analysts’ expectations of $25.90 million. On average, equities analysts forecast that Mainstreet Equity Corp. will post $1.22 EPS for the current fiscal year.
About Mainstreet Equity Corp.
Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon.
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