Canaccord Genuity Group Analysts Give MCAN Mortgage (TSE:MKP) a C$19.00 Price Target

MCAN Mortgage (TSE:MKP) received a C$19.00 price objective from research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 3.26% from the company’s current price.

MCAN Mortgage Stock Down 1.5 %

TSE MKP opened at C$18.40 on Tuesday. The company has a market capitalization of C$701.96 million, a P/E ratio of 8.36 and a beta of 0.85. MCAN Mortgage has a 12 month low of C$14.87 and a 12 month high of C$18.89. The company has a debt-to-equity ratio of 373.58, a current ratio of 1.97 and a quick ratio of 1.97. The company’s 50 day simple moving average is C$17.66 and its 200 day simple moving average is C$16.64.

MCAN Mortgage (TSE:MKP) last released its quarterly earnings data on Monday, August 12th. The company reported C$0.52 earnings per share for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. Equities research analysts expect that MCAN Mortgage will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.