MCAN Mortgage (TSE:MKP - Get Free Report) has been given a C$19.00 target price by Canaccord Genuity Group in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 1.71% from the company's previous close.
MCAN Mortgage Stock Up 1.6 %
Shares of MCAN Mortgage stock traded up C$0.30 during trading hours on Tuesday, reaching C$18.68. 95,732 shares of the company were exchanged, compared to its average volume of 36,927. The firm has a market cap of C$712.64 million, a PE ratio of 8.49 and a beta of 0.85. The stock's fifty day moving average is C$17.63 and its 200 day moving average is C$16.62. MCAN Mortgage has a 1 year low of C$14.87 and a 1 year high of C$18.77. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97.
MCAN Mortgage (TSE:MKP - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. As a group, equities research analysts forecast that MCAN Mortgage will post 2.5108359 earnings per share for the current year.
About MCAN Mortgage
(
Get Free Report)
MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.
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