MCAN Mortgage (TSE:MKP) Price Target Raised to C$14.00

MCAN Mortgage (TSE:MKP) had its target price lifted by stock analysts at National Bank Financial from C$13.00 to C$14.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “underperform” rating on the stock. National Bank Financial’s price objective would indicate a potential downside of 12.61% from the stock’s current price.

Shares of MCAN Mortgage stock traded up C$0.11 on Wednesday, hitting C$16.02. 10,446 shares of the company traded hands, compared to its average volume of 16,187. The company has a 50 day moving average of C$15.91. The company has a debt-to-equity ratio of 282.88, a quick ratio of 1.54 and a current ratio of 1.57. MCAN Mortgage has a 52 week low of C$12.21 and a 52 week high of C$19.46. The stock has a market cap of $382.48 million and a P/E ratio of 9.49.

MCAN Mortgage (TSE:MKP) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.60 EPS for the quarter, topping analysts’ consensus estimates of C$0.50 by C$0.10. On average, analysts forecast that MCAN Mortgage will post 1.38 EPS for the current fiscal year.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

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