Mainstreet Equity (TSE:MEQ) Price Target Raised to C$245.00 at Atb Cormark Cm

Mainstreet Equity (TSE:MEQ) had its price objective hoisted by Atb Cormark Cm from C$240.00 to C$245.00 in a research note released on Wednesday, MarketBeat reports. Atb Cormark Cm currently has an outperform rating on the stock.

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

Mainstreet Equity Trading Up 1.4%

Shares of TSE:MEQ opened at C$175.80 on Wednesday. The stock has a market capitalization of C$1.64 billion, a PE ratio of 5.71 and a beta of 0.50. Mainstreet Equity has a 1 year low of C$170.00 and a 1 year high of C$206.80. The firm has a fifty day moving average price of C$179.15 and a 200 day moving average price of C$186.33. The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80.

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