Mainstreet Equity (MEQ) Price Target Raised to C$44.00
Mainstreet Equity (TSE:MEQ) had its price objective hoisted by stock analysts at TD Securities from C$39.00 to C$44.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 11.53% from the stock’s current price.
Mainstreet Equity (TSE MEQ) traded up C$0.66 during midday trading on Thursday, reaching C$39.45. The company had a trading volume of 5,996 shares, compared to its average volume of 3,649. Mainstreet Equity has a 1-year low of C$32.40 and a 1-year high of C$39.94.
In other Mainstreet Equity news, Director Joe Amantea sold 1,000 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of C$34.05, for a total transaction of C$34,050.00.
About Mainstreet Equity
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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