Mainstreet Equity’s (MEQ) Buy Rating Reiterated at Laurentian

Laurentian reiterated their buy rating on shares of Mainstreet Equity (TSE:MEQ) in a research note issued to investors on Monday, February 4th. Laurentian currently has a C$55.00 price target on the stock.

Separately, TD Securities raised their target price on shares of 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.

MEQ traded up C$0.01 during trading on Monday, hitting C$45.76. 3,800 shares of the company traded hands, compared to its average volume of 1,355. The stock has a market capitalization of $404.15 million and a price-to-earnings ratio of 5.82. Mainstreet Equity has a 1 year low of C$40.00 and a 1 year high of C$48.97. The company has a debt-to-equity ratio of 133.24, a quick ratio of 0.01 and a current ratio of 0.07.

Mainstreet Equity (TSE:MEQ) last posted its earnings results on Thursday, December 13th. The company reported C$3.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.64 by C$2.86. The company had revenue of C$31.09 million for the quarter, compared to analysts’ expectations of C$28.80 million. On average, equities research analysts forecast that Mainstreet Equity will post 2.48000012139861 earnings per share for the current year.

About Mainstreet Equity

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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