Mainstreet Equity (TSE:MEQ) Price Target Cut to C$125.00 by Analysts at ATB Capital

Mainstreet Equity (TSE:MEQGet Rating) had its price target trimmed by ATB Capital from C$130.00 to C$125.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

A number of other equities analysts have also recently weighed in on the company. Atb Cap Markets cut Mainstreet Equity from an outperform rating to a sector perform rating in a report on Monday, February 14th. TD Securities increased their target price on Mainstreet Equity from C$130.00 to C$140.00 and gave the stock a hold rating in a research note on Tuesday, February 15th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of C$129.17.

TSE MEQ opened at C$113.20 on Wednesday. The stock has a market cap of C$1.06 billion and a PE ratio of 4.20. The company has a current ratio of 0.64, a quick ratio of 0.29 and a debt-to-equity ratio of 125.67. Mainstreet Equity has a twelve month low of C$84.42 and a twelve month high of C$154.36. The stock has a fifty day simple moving average of C$133.17 and a 200-day simple moving average of C$126.26.

Mainstreet Equity (TSE:MEQGet Rating) last released its quarterly earnings results on Monday, February 14th. The company reported C$1.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.41 by C($0.08). The firm had revenue of C$43.25 million during the quarter, compared to analyst estimates of C$44.10 million. Research analysts predict that Mainstreet Equity will post 4.7199999 EPS for the current year.

Mainstreet Equity Company Profile (Get Rating)

Mainstreet Equity Corp. engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties in Western Canada. The company owns a portfolio of multi-family residential properties in Vancouver and the Lower Mainland, Calgary and Southern Alberta, Edmonton, Saskatoon, and Regina.

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