Mainstreet Equity (TSE:MEQ) Given New C$90.00 Price Target at TD Securities

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Mainstreet Equity (TSE:MEQ) had its target price upped by TD Securities from C$72.00 to C$90.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Separately, Laurentian increased their price objective on Mainstreet Equity from C$81.00 to C$100.00 in a research note on Wednesday.

MEQ opened at C$88.72 on Wednesday. The stock has a market cap of $797.47 million and a price-to-earnings ratio of 14.24. The stock’s 50 day moving average price is C$79.44 and its 200-day moving average price is C$68.01. Mainstreet Equity has a one year low of C$44.00 and a one year high of C$88.72. The company has a debt-to-equity ratio of 134.47, a quick ratio of 0.01 and a current ratio of 0.04.

Mainstreet Equity (TSE:MEQ) last released its earnings results on Monday, December 9th. The company reported C$3.11 EPS for the quarter. The business had revenue of C$36.62 million for the quarter, compared to the consensus estimate of C$35.49 million. As a group, analysts predict that Mainstreet Equity will post 3.2200001 earnings per share for the current fiscal year.

About Mainstreet Equity

Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of mid-market rental apartment buildings in Vancouver lower mainland, Calgary and Southern Alberta, Edmonton, Regina, and Saskatoon.

Read More: Differences Between Momentum Investing and Long Term Investing

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