Mainstreet Equity (TSE:MEQ – Free Report) had its target price increased by ATB Capital from C$200.00 to C$215.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
Mainstreet Equity Trading Up 0.6 %
Shares of MEQ opened at C$191.65 on Wednesday. The firm’s 50-day moving average price is C$170.77 and its 200-day moving average price is C$171.41. The firm has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 10.94 and a beta of 1.55. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 119.54. Mainstreet Equity has a 1-year low of C$130.00 and a 1-year high of C$194.57.
Mainstreet Equity (TSE:MEQ – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$3.61 EPS for the quarter, topping the consensus estimate of C$1.99 by C$1.62. Mainstreet Equity had a net margin of 74.24% and a return on equity of 12.47%. The business had revenue of C$61.25 million for the quarter, compared to analyst estimates of C$58.95 million. Sell-side analysts anticipate that Mainstreet Equity will post 7.1907783 EPS for the current year.
Mainstreet Equity Dividend Announcement
Insider Buying and Selling
In other Mainstreet Equity news, Director Ron Anderson acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of C$175.20 per share, with a total value of C$87,600.00. 48.94% of the stock is currently owned by insiders.
About Mainstreet Equity
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.
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