MCAN Mortgage (TSE:MKP) Given a C$27.00 Price Target by National Bank Financial Analysts

MCAN Mortgage (TSE:MKP) has been given a C$27.00 price target by equities research analysts at National Bank Financial in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target points to a potential upside of 5.10% from the stock’s previous close.

MCAN Mortgage Stock Up 3.9%

Shares of MKP stock traded up C$0.97 during mid-day trading on Monday, reaching C$25.69. The stock had a trading volume of 116,122 shares, compared to its average volume of 56,852. MCAN Mortgage has a one year low of C$19.26 and a one year high of C$25.85. The firm has a market cap of C$1.05 billion, a PE ratio of 12.66 and a beta of 0.85. The firm’s 50 day simple moving average is C$24.66 and its 200 day simple moving average is C$23.58.

MCAN Mortgage (TSE:MKP) last issued its earnings results on Thursday, April 30th. The company reported C$0.57 EPS for the quarter. The business had revenue of C$41.60 million during the quarter. MCAN Mortgage had a return on equity of 12.71% and a net margin of 25.51%. Sell-side analysts forecast that MCAN Mortgage will post 2.5108359 earnings per share for the current fiscal year.

About MCAN Mortgage

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. The company derives most of its revenues from mortgage income and equity income.