Mainstreet Equity (TSE:MEQ) Issues Earnings Results

Mainstreet Equity (TSE:MEQ) announced its earnings results on Tuesday. The company reported C$0.01 EPS for the quarter, FiscalAI reports. The business had revenue of C$72.24 million during the quarter. Mainstreet Equity had a net margin of 99.81% and a return on equity of 15.88%.

Mainstreet Equity Price Performance

Shares of MEQ opened at C$170.02 on Wednesday. The company has a market cap of C$1.58 billion, a price-to-earnings ratio of 5.67 and a beta of 0.68. Mainstreet Equity has a twelve month low of C$168.92 and a twelve month high of C$206.80. The company has a quick ratio of 0.81, a current ratio of 1.10 and a debt-to-equity ratio of 97.62. The company has a 50 day moving average of C$179.97 and a two-hundred day moving average of C$181.06.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their target price on shares of Mainstreet Equity from C$240.00 to C$245.00 and gave the company a “moderate buy” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Mainstreet Equity has an average rating of “Buy” and a consensus target price of C$246.50.

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.