Mainstreet Equity (TSE:MEQ) Price Target Lowered to C$225.00 at ATB Cormark Capital Markets

Mainstreet Equity (TSE:MEQ) had its price objective reduced by analysts at ATB Cormark Capital Markets from C$245.00 to C$225.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential upside of 33.76% from the company’s current price.

Mainstreet Equity Trading Up 0.0%

Shares of Mainstreet Equity stock traded up C$0.01 on Monday, hitting C$168.21. The stock had a trading volume of 2,464 shares, compared to its average volume of 9,473. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 97.72. Mainstreet Equity has a one year low of C$160.08 and a one year high of C$206.80. The stock’s 50-day simple moving average is C$172.89 and its two-hundred day simple moving average is C$177.07. The stock has a market cap of C$1.56 billion, a price-to-earnings ratio of 8.35 and a beta of 0.82.

Mainstreet Equity (TSE:MEQ) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$72.24 million during the quarter. Mainstreet Equity had a net margin of 66.27% and a return on equity of 10.42%. As a group, sell-side analysts predict that Mainstreet Equity will post 8.1910619 EPS for the current year.

Mainstreet Equity Company Profile

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.