Mainstreet Equity (MEQ) Price Target Raised to C$55.00

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Mainstreet Equity (TSE:MEQ) had its price target upped by TD Securities from C$53.00 to C$55.00 in a research note published on Friday morning.

Separately, Laurentian reaffirmed a buy rating and set a C$55.00 target price on shares of Mainstreet Equity in a research report on Monday, February 4th.

Shares of Mainstreet Equity stock opened at C$44.00 on Friday. The firm has a market cap of $388.62 million and a PE ratio of 5.59. The company has a current ratio of 0.07, a quick ratio of 0.01 and a debt-to-equity ratio of 133.24. Mainstreet Equity has a 12-month low of C$39.25 and a 12-month high of C$48.97.

Mainstreet Equity (TSE:MEQ) last announced its earnings results on Thursday, December 13th. The company reported C$3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.64 by C$2.86. The company had revenue of C$31.09 million for the quarter, compared to analyst estimates of C$28.80 million. Equities research analysts predict that Mainstreet Equity will post 2.47999992785455 EPS 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.

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