MCAN Mortgage Co. (MKP) Downgraded to “Underperform” at National Bank Financial
MCAN Mortgage Co. (TSE:MKP) was downgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “underperform” rating in a note issued to investors on Tuesday. They currently have a C$15.50 price objective on the stock. National Bank Financial’s price target suggests a potential downside of 8.01% from the stock’s current price.
MCAN Mortgage (MKP) traded down 1.58% during trading on Tuesday, hitting $16.85. 14,672 shares of the stock were exchanged. The stock’s 50-day moving average price is $15.73 and its 200-day moving average price is $14.97. MCAN Mortgage has a 12-month low of $13.10 and a 12-month high of $17.33. The firm has a market cap of $392.66 million and a PE ratio of 10.26.
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About MCAN Mortgage
MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments.
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