Mainstreet Equity (TSE:MEQ) PT Set at C$210.00 by Canadian Imperial Bank of Commerce

Mainstreet Equity (TSE:MEQ) has been assigned a C$210.00 target price by equities researchers at Canadian Imperial Bank of Commerce in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 22.57% from the company’s current price.

Separately, ATB Cormark Capital Markets reduced their price target on shares of Mainstreet Equity from C$245.00 to C$225.00 and set an “outperform” rating for the company in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$227.67.

Mainstreet Equity Stock Down 0.5%

MEQ traded down C$0.92 on Tuesday, reaching C$171.33. The company’s stock had a trading volume of 22,740 shares, compared to its average volume of 9,176. The stock has a 50 day moving average of C$169.35 and a two-hundred day moving average of C$175.79. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 97.72. The company has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 8.50 and a beta of 0.79. Mainstreet Equity has a fifty-two week low of C$160.08 and a fifty-two week high of C$206.80.

Mainstreet Equity (TSE:MEQ) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.01 earnings per share for the quarter. Mainstreet Equity had a net margin of 66.27% and a return on equity of 10.42%. The company had revenue of C$72.24 million for the quarter. As a group, analysts forecast 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.