MCAN Mortgage (TSE:MKP) Sets New 12-Month High – Here’s What Happened

by · The Cerbat Gem

MCAN Mortgage Co. (TSE:MKP – Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as C$22.54 and last traded at C$22.51, with a volume of 35316 shares changing hands. The stock had previously closed at C$22.26.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised their target price on MCAN Mortgage from C$20.00 to C$21.00 and gave the stock a “hold” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$21.00.

Get Our Latest Stock Report on MCAN Mortgage

MCAN Mortgage Stock Up 1.0%

The company has a market capitalization of C$904.53 million, a PE ratio of 13.63 and a beta of 0.49. The firm has a 50-day moving average of C$21.50 and a two-hundred day moving average of C$20.79.

MCAN Mortgage (TSE:MKP – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$37.85 million during the quarter. MCAN Mortgage had a net margin of 52.77% and a return on equity of 15.63%. Equities analysts predict that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal year.

About MCAN Mortgage

(Get Free Report)

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments.

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