MCAN Mortgage (TSE:MKP) Given a C$15.50 Price Target at National Bank Financial

National Bank Financial set a C$15.50 price target on MCAN Mortgage (TSE:MKP) in a research report sent to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.

Shares of TSE MKP traded down C$0.08 during midday trading on Wednesday, reaching C$16.50. The company had a trading volume of 5,077 shares, compared to its average volume of 12,359. MCAN Mortgage has a one year low of C$13.70 and a one year high of C$17.53. The company has a quick ratio of 1.69, a current ratio of 1.74 and a debt-to-equity ratio of 245.03. The firm’s fifty day moving average price is C$17.10 and its 200-day moving average price is C$16.27. The stock has a market cap of $402.70 million and a PE ratio of 9.58.

MCAN Mortgage (TSE:MKP) last released its earnings results on Friday, November 8th. The company reported C$0.60 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.24. As a group, equities research analysts expect that MCAN Mortgage will post 1.4199999 EPS for the current year.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as real estate and securitization investments. It also provides term deposits through a network of independent financial agents.

See Also: Accumulation/Distribution

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