Mainstreet Equity (MEQ) Hits New 1-Year High at $49.00

Shares of Mainstreet Equity Corp. (TSE:MEQ) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$49.00 and last traded at C$49.00, with a volume of 500 shares trading hands. The stock had previously closed at C$48.50.

Several analysts have issued reports on MEQ shares. TD Securities upped their price objective on Mainstreet Equity from C$51.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, December 14th. Laurentian reissued a “buy” rating and set a C$55.00 price target on shares of Mainstreet Equity in a research report on Monday, February 4th.

The stock has a market capitalization of $455.03 million and a PE ratio of 6.23. The company has a debt-to-equity ratio of 133.24, a current ratio of 0.07 and a quick ratio of 0.01.

Mainstreet Equity (TSE:MEQ) last posted its quarterly earnings data on Thursday, February 14th. The company reported C$0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.80 by C($0.19). The firm had revenue of C$32.65 million during the quarter, compared to analysts’ expectations of C$30.95 million. Equities analysts predict that Mainstreet Equity Corp. will post 2.47999987647918 EPS for the current year.

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About Mainstreet Equity (TSE:MEQ)

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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