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

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

Mainstreet Equity Price Performance

TSE MEQ traded up C$0.01 during trading on Monday, reaching C$168.21. The company’s stock had a trading volume of 2,464 shares, compared to its average volume of 9,473. The stock has a market capitalization of C$1.56 billion, a PE ratio of 8.35 and a beta of 0.82. The company has a debt-to-equity ratio of 97.72, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a fifty day moving average of C$172.89 and a 200 day moving average of C$177.07. Mainstreet Equity has a one year low of C$160.08 and a one year high of C$206.80.

Mainstreet Equity (TSE:MEQ) last issued its quarterly earnings data 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 return on equity of 10.42% and a net margin of 66.27%. 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.