Canaccord Genuity Group Reiterates “C$18.25” Price Target for MCAN Mortgage (TSE:MKP)

Canaccord Genuity Group set a C$18.25 price objective on MCAN Mortgage (TSE:MKPGet Rating) in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, BMO Capital Markets started coverage on MCAN Mortgage in a research report on Monday, July 18th. They set a hold rating and a C$18.00 price objective on the stock.

MCAN Mortgage Trading Up 0.3 %

Shares of MKP stock opened at C$14.80 on Thursday. MCAN Mortgage has a 1 year low of C$14.75 and a 1 year high of C$19.49. The firm has a fifty day moving average price of C$16.01 and a 200-day moving average price of C$17.03. The company has a market cap of C$469.47 million and a price-to-earnings ratio of 8.92. The company has a debt-to-equity ratio of 413.08, a current ratio of 1.96 and a quick ratio of 1.93.

About MCAN Mortgage

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MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as engages in the real estate investments trusts and private investment activities.

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