MCAN Mortgage (TSE:MKP) Given a C$19.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$19.00 price target on MCAN Mortgage (TSE:MKP) in a research report report published on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

MCAN Mortgage Stock Performance

TSE:MKP opened at C$18.66 on Tuesday. The stock has a 50-day simple moving average of C$17.78 and a two-hundred day simple moving average of C$16.68. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. MCAN Mortgage has a 52-week low of C$14.87 and a 52-week high of C$18.89. The firm has a market capitalization of C$711.88 million, a PE ratio of 8.48 and a beta of 0.85.

MCAN Mortgage (TSE:MKP) last released its earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. Analysts forecast that MCAN Mortgage will post 2.5108359 EPS for the current year.

MCAN Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.39 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 8.36%. MCAN Mortgage’s payout ratio is presently 70.91%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.