Firm Capital Mortgage Investment (TSE:FC) Price Target Cut to C$14.00

Firm Capital Mortgage Investment (TSE:FCGet Rating) had its price target lowered by equities research analysts at Laurentian Bank of Canada to C$14.00 in a report issued on Monday, Stock Target Advisor reports. Laurentian Bank of Canada’s price objective would indicate a potential upside of 6.22% from the stock’s previous close.

Separately, Laurentian reduced their price target on shares of Firm Capital Mortgage Investment from C$16.00 to C$14.00 in a research note on Monday.

Shares of Firm Capital Mortgage Investment stock traded down C$0.01 during trading on Monday, hitting C$13.18. The stock had a trading volume of 30,611 shares, compared to its average volume of 49,525. The firm’s fifty day simple moving average is C$13.82 and its 200-day simple moving average is C$14.14. The stock has a market cap of C$442.99 million and a PE ratio of 13.96. The company has a debt-to-equity ratio of 65.95, a current ratio of 8.04 and a quick ratio of 8.04. Firm Capital Mortgage Investment has a 12 month low of C$12.71 and a 12 month high of C$15.84.

Firm Capital Mortgage Investment (TSE:FCGet Rating) last released its earnings results on Wednesday, March 9th. The company reported C$0.22 earnings per share (EPS) for the quarter. The firm had revenue of C$13.05 million during the quarter. Analysts expect that Firm Capital Mortgage Investment will post 1 earnings per share for the current fiscal year.

In other Firm Capital Mortgage Investment news, Director Francis J.C. Newbould sold 5,518 shares of the firm’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of C$13.77, for a total transaction of C$75,955.27.

About Firm Capital Mortgage Investment (Get Rating)

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situation loans.

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