MCAN Mortgage Co. (MKP) PT Raised to C$15.50 at National Bank Financial
MCAN Mortgage Co. (TSE:MKP) had its price objective increased by investment analysts at National Bank Financial from C$14.00 to C$15.50 in a report issued on Tuesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential downside of 9.25% from the stock’s previous close. National Bank Financial also issued estimates for MCAN Mortgage’s Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.65 EPS, FY2018 earnings at $1.61 EPS and FY2019 earnings at $1.64 EPS.
Shares of MCAN Mortgage (TSE:MKP) opened at 17.08 on Tuesday. The company’s 50-day moving average price is $15.58 and its 200-day moving average price is $14.93. MCAN Mortgage has a 12 month low of $13.10 and a 12 month high of $17.15. The company has a market cap of $398.02 million and a price-to-earnings ratio of 10.40.
About MCAN Mortgage
MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments.
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