Mainstreet Equity (MEQ), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial remains bullish on the stock and has a C$60 price target.
Murray has an average return of 6.2% when recommending Mainstreet Equity.
According to TipRanks.com, Murray is ranked #764 out of 5188 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mainstreet Equity with a C$55.67 average price target.
Mainstreet Equity’s market cap is currently C$395.7M and has a P/E ratio of 5.1. The company has a Price to Book ratio of 0.54.
Mainstreet Equity Corp. is a real estate company, which engages in the acquisition, redevelopment, repositioning, and management of mid-market rental apartment buildings. It owns and operates properties in Surrey, Abbotsford, Calgary, Edmonton, Saskatoon, and Regina.
The company’s shares closed on Wednesday at C$46.
