Firm Capital Mortgage Investment (TSE:FC) PT Raised to C$14.00 at TD Securities

Firm Capital Mortgage Investment (TSE:FC) had its price objective hoisted by equities research analysts at TD Securities from C$13.50 to C$14.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 2.12% from the company’s previous close.

Shares of FC stock traded up C$0.06 during mid-day trading on Wednesday, reaching C$13.71. 9,387 shares of the company were exchanged, compared to its average volume of 28,392. Firm Capital Mortgage Investment has a fifty-two week low of C$12.59 and a fifty-two week high of C$13.97. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 71.17. The company has a market capitalization of $387.60 million and a P/E ratio of 14.08. The company has a 50 day moving average price of C$13.71.

About Firm Capital Mortgage Investment

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations loans; and various types of lending facilities to mortgage brokers.

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