Firm Capital Mortgage Investment (OTCMKTS:FCMGF) Price Target Cut to C$14.50

Firm Capital Mortgage Investment (OTCMKTS:FCMGFGet Rating) had its target price reduced by analysts at TD Securities from C$15.50 to C$14.50 in a note issued to investors on Wednesday, The Fly reports.

Separately, Rowe initiated coverage on Firm Capital Mortgage Investment in a research note on Thursday, April 28th. They issued a “buy” rating and a C$15.00 target price on the stock.

Shares of Firm Capital Mortgage Investment stock remained flat at $$10.52 during trading on Wednesday. Firm Capital Mortgage Investment has a 1-year low of $10.31 and a 1-year high of $12.50. The firm’s 50-day moving average price is $10.89 and its 200-day moving average price is $11.18.

Firm Capital Mortgage Investment Company Profile (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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