MCAN Mortgage (TSE:MKP) Price Target Raised to C$26.00 at Canaccord Genuity Group

MCAN Mortgage (TSE:MKP) had its price target hoisted by Canaccord Genuity Group from C$24.00 to C$26.00 in a research note published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, BMO Capital Markets boosted their price objective on MCAN Mortgage from C$20.00 to C$21.00 and gave the company a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$23.50.

MCAN Mortgage Stock Down 0.3%

MKP stock opened at C$24.36 on Wednesday. MCAN Mortgage has a 52-week low of C$16.70 and a 52-week high of C$24.55. The firm has a market cap of C$979.73 million, a P/E ratio of 14.76 and a beta of 0.46. The company’s 50-day simple moving average is C$22.85 and its 200-day simple moving average is C$22.09.

MCAN Mortgage (TSE:MKP) last announced its quarterly earnings results on Monday, February 23rd. The company reported C$0.43 earnings per share for the quarter. The firm had revenue of C$37.60 million during the quarter. MCAN Mortgage had a return on equity of 15.63% and a net margin of 52.77%. On average, analysts anticipate that MCAN Mortgage will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Company Profile

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.