Mainstreet Equity (TSE:MEQ) Given New C$81.00 Price Target at Laurentian

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Mainstreet Equity (TSE:MEQ) had its price target boosted by stock analysts at Laurentian from C$68.00 to C$81.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Laurentian’s target price points to a potential upside of 12.73% from the stock’s current price.

Shares of TSE:MEQ traded up C$0.85 during trading on Tuesday, reaching C$71.85. The stock had a trading volume of 400 shares, compared to its average volume of 2,164. Mainstreet Equity has a 52 week low of C$40.45 and a 52 week high of C$73.60. The business’s 50-day moving average price is C$66.80 and its 200 day moving average price is C$60.53. The company has a debt-to-equity ratio of 140.42, a current ratio of 0.05 and a quick ratio of 0.02. The stock has a market capitalization of $666.12 million and a PE ratio of 10.48.

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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