Mainstreet Equity (TSE:MEQ) Price Target Raised to C$245.00

Mainstreet Equity (TSE:MEQ) had its price objective hoisted by ATB Cormark Capital Markets from C$240.00 to C$245.00 in a report published on Wednesday morning, Marketbeat reports. They currently have a moderate buy rating on the stock.

Separately, Acumen Capital reduced their price target on Mainstreet Equity from C$250.00 to C$248.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$246.50.

Mainstreet Equity Price Performance

TSE MEQ opened at C$174.22 on Wednesday. The company has a debt-to-equity ratio of 109.80, a quick ratio of 0.81 and a current ratio of 0.51. The firm’s 50 day moving average price is C$178.68 and its 200-day moving average price is C$186.17. Mainstreet Equity has a 52-week low of C$170.00 and a 52-week high of C$206.80. The company has a market cap of C$1.62 billion, a PE ratio of 5.82 and a beta of 0.50.

Mainstreet Equity (TSE:MEQ) last issued its quarterly earnings data on Monday, December 15th. The company reported C$9.95 EPS for the quarter. The company had revenue of C$70.45 million during the quarter. Mainstreet Equity had a net margin of 72.44% and a return on equity of 12.68%. Sell-side analysts forecast that Mainstreet Equity will post 8.1910619 EPS for the current fiscal year.

About Mainstreet Equity

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba. The company generates revenue from rental income and others.