ATB Capital Issues Positive Forecast for Mainstreet Equity (TSE:MEQ) Stock Price

Mainstreet Equity (TSE:MEQ) had its target price boosted by investment analysts at ATB Capital from C$235.00 to C$240.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 31.20% from the stock’s previous close.

Mainstreet Equity Stock Performance

Shares of TSE MEQ traded up C$0.83 during midday trading on Wednesday, hitting C$182.93. 3,695 shares of the stock traded hands, compared to its average volume of 4,529. The firm has a market capitalization of C$1.70 billion, a P/E ratio of 5.94 and a beta of 0.68. Mainstreet Equity has a one year low of C$178.29 and a one year high of C$211.85. The company has a debt-to-equity ratio of 109.80, a quick ratio of 0.81 and a current ratio of 0.51. The firm has a 50-day moving average of C$186.06 and a two-hundred day moving average of C$189.22.

Mainstreet Equity Company Profile

Mainstreet Equity Corp is a residential real estate company. It is focused on the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. The business specializes in multi-family residential housing operating in a single segment. Geographically it operates in Canadian provinces including British Columbia, Alberta, Saskatchewan and Manitoba.