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.

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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.

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