Raymond James Maintains a Hold Rating on Street Capital (SCB)


A Wall Street analyst has provided a rating update for the Financial sector company today, while remaining neutral on the stock. Analyst Brenna Phelan from Raymond James rated Street Capital (SCB) a Hold, setting a C$0.68 price target.

According to TipRanks.com, Phelan is ranked #377 out of 5201 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Street Capital with a C$0.68 average price target, representing a 3.0% upside. In a report released today, National Bank also downgraded the stock to Hold with a C$0.68 price target.

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Based on Street Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$1.66 million. In comparison, last year the company had a GAAP net loss of C$1.37 million.

Street Capital Group, Inc. through its subsidiary Street Capital Bank of Canada, engages in the provision of deposit and residential mortgage solutions. Its services include deposit and residential mortgage, consumer lending, and related services. The company was founded by Allan C. Silber on August 2, 1979 and is headquartered in Toronto, Canada.

The company’s shares closed on Tuesday at C$0.66.

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