In a new note to investors today, an analyst has provided a rating update for Mainstreet Equity (MEQ). The company received a Buy rating from Laurentian Bank of Canada’s analyst Yashwant Sankpal, with a C$55 price target.
According to TipRanks.com, Sankpal is ranked #2803 out of 5142 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mainstreet Equity with a C$55 average price target.
Mainstreet Equity’s market cap is currently C$379.8M and has a P/E ratio of 5.2. The company has a Price to Book ratio of 0.51.
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 Monday at C$42.69.
