MCAN Mortgage (TSE:MKP) PT Set at C$27.00 by National Bank Financial

MCAN Mortgage (TSE:MKP) received a C$27.00 price target from equities research analysts at National Bank Financial in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 5.10% from the stock’s previous close.

MCAN Mortgage Trading Up 3.9%

TSE:MKP traded up C$0.97 during mid-day trading on Monday, hitting C$25.69. 116,122 shares of the company’s stock traded hands, compared to its average volume of 56,852. The firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 12.66 and a beta of 0.85. The firm has a 50 day moving average of C$24.66 and a two-hundred day moving average of C$23.58. MCAN Mortgage has a 12 month low of C$19.26 and a 12 month high of C$25.85.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$0.57 EPS for the quarter. MCAN Mortgage had a return on equity of 12.71% and a net margin of 25.51%.The company had revenue of C$41.60 million for the quarter. As a group, equities research analysts expect that MCAN Mortgage will post 2.5108359 earnings per share for the current year.

About MCAN Mortgage

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.