Mainstreet Equity (TSE:MEQ) Stock Price Expected to Rise, Atb Cormark Cm Analyst Says

Mainstreet Equity (TSE:MEQ) had its target price boosted by equities researchers at Atb Cormark Cm from C$240.00 to C$245.00 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm currently has a “moderate buy” rating on the stock. Atb Cormark Cm’s price objective points to a potential upside of 42.06% from the stock’s current price.

Several other research firms have also recently commented on MEQ. ATB Capital boosted their price objective on shares of Mainstreet Equity from C$235.00 to C$240.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Acumen Capital dropped their price target on Mainstreet Equity from C$250.00 to C$248.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$244.33.

Mainstreet Equity Price Performance

TSE MEQ opened at C$172.46 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 stock has a market cap of C$1.60 billion, a price-to-earnings ratio of 5.76 and a beta of 0.50. The business has a 50 day simple moving average of C$178.90 and a 200 day simple moving average of C$186.24. Mainstreet Equity has a 52-week low of C$170.00 and a 52-week high of C$206.80.

Mainstreet Equity (TSE:MEQ) last announced its quarterly earnings results on Monday, December 15th. The company reported C$9.95 earnings per share for the quarter. The firm had revenue of C$70.45 million for the quarter. Mainstreet Equity had a net margin of 72.44% and a return on equity of 12.68%. Analysts anticipate that Mainstreet Equity will post 8.1910619 earnings per share 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.