MCAN Mortgage (TSE:MKP) Given a C$19.00 Price Target by Canaccord Genuity Group Analysts

MCAN Mortgage (TSE:MKPGet Free Report) has been assigned a C$19.00 price objective by equities researchers at Canaccord Genuity Group in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 3.26% from the stock’s current price.

MCAN Mortgage Stock Down 1.5 %

MKP opened at C$18.40 on Tuesday. The stock’s 50 day moving average price is C$17.66 and its 200 day moving average price is C$16.64. The company has a debt-to-equity ratio of 373.58, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of C$701.96 million, a P/E ratio of 8.36 and a beta of 0.85. MCAN Mortgage has a 12 month low of C$14.87 and a 12 month high of C$18.89.

MCAN Mortgage (TSE:MKPGet Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported C$0.52 EPS for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. As a group, research analysts predict that MCAN Mortgage will post 2.5108359 earnings per share for the current year.

About MCAN Mortgage

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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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