MCAN Mortgage Co. (TSE:MKP) Price Target Increased to C$15.50 by Analysts at National Bank Financial

MCAN Mortgage Co. (TSE:MKP) had its price target boosted by National Bank Financial from C$14.00 to C$15.50 in a research note released on Tuesday, October 17th. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for MCAN Mortgage’s Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.65 EPS, FY2018 earnings at $1.61 EPS and FY2019 earnings at $1.64 EPS.

Shares of MCAN Mortgage (MKP) opened at 16.90 on Tuesday. MCAN Mortgage has a 52-week low of $13.10 and a 52-week high of $17.33. The firm has a market cap of $393.82 million and a price-to-earnings ratio of 10.29. The company’s 50-day moving average is $15.81 and its 200 day moving average is $15.00.

TRADEMARK VIOLATION NOTICE: “MCAN Mortgage Co. (TSE:MKP) Price Target Increased to C$15.50 by Analysts at National Bank Financial” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/28/mcan-mortgage-co-mkp-pt-raised-to-c15-50-at-national-bank-financial.html.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from MCAN Mortgage’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 7.57%.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments.

Receive News & Ratings for MCAN Mortgage Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCAN Mortgage Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply