Mainstreet Equity (TSE:MEQ – Free Report) had its target price hoisted by ATB Capital from C$200.00 to C$215.00 in a research report report published on Wednesday morning, BayStreet.CA reports.
Mainstreet Equity Price Performance
Shares of TSE MEQ opened at C$191.65 on Wednesday. Mainstreet Equity has a twelve month low of C$130.00 and a twelve month high of C$194.57. The firm has a market cap of C$1.79 billion, a P/E ratio of 10.95 and a beta of 1.55. The company has a 50 day moving average of C$171.12 and a 200 day moving average of C$171.70. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 119.54.
Mainstreet Equity (TSE:MEQ – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C$3.61 EPS for the quarter, topping analysts’ consensus estimates of C$1.99 by C$1.62. Mainstreet Equity had a net margin of 74.24% and a return on equity of 12.47%. The business had revenue of C$61.25 million during the quarter, compared to the consensus estimate of C$58.95 million. As a group, research analysts expect that Mainstreet Equity will post 7.1907783 EPS for the current fiscal year.
Mainstreet Equity Announces Dividend
Insider Buying and Selling at Mainstreet Equity
In other Mainstreet Equity news, Director Ron Anderson purchased 500 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of C$175.20 per share, with a total value of C$87,600.00. Insiders own 48.94% of the company’s stock.
Mainstreet Equity Company Profile
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.
See Also
- Five stocks we like better than Mainstreet Equity
- What is the S&P/TSX Index?
- Why Call Options Volume for These 2 Stocks Spiked Together
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 7/22 – 7/26
- What Are the U.K. Market Holidays? How to Invest and Trade
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Mainstreet Equity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mainstreet Equity and related companies with MarketBeat.com's FREE daily email newsletter.