Mainstreet Equity (TSE:MEQ) Given New C$248.00 Price Target at Acumen Capital

Mainstreet Equity (TSE:MEQ) had its price objective cut by Acumen Capital from C$250.00 to C$248.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Acumen Capital’s price target indicates a potential upside of 35.57% from the stock’s current price.

Separately, ATB Capital raised their target price on Mainstreet Equity from C$235.00 to C$240.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$244.00.

Mainstreet Equity Trading Up 0.5%

Shares of TSE:MEQ traded up C$0.83 during midday trading on Wednesday, hitting C$182.93. The company had a trading volume of 3,695 shares, compared to its average volume of 4,529. The company has a current ratio of 0.51, a quick ratio of 0.81 and a debt-to-equity ratio of 109.80. Mainstreet Equity has a 12 month low of C$178.29 and a 12 month high of C$211.85. The firm has a fifty day simple moving average of C$186.06 and a 200 day simple moving average of C$189.22. The stock has a market cap of C$1.70 billion, a price-to-earnings ratio of 5.94 and a beta of 0.68.

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.