MCAN Mortgage (MKP) Given New C$16.00 Price Target at National Bank Financial

MCAN Mortgage (TSE:MKP) had its target price upped by National Bank Financial from C$15.00 to C$16.00 in a report published on Thursday morning. They currently have an underperform rating on the stock.

MCAN Mortgage (MKP) remained flat at $C$17.94 during mid-day trading on Thursday. The company’s stock had a trading volume of 12,997 shares, compared to its average volume of 12,380. MCAN Mortgage has a fifty-two week low of C$13.10 and a fifty-two week high of C$18.22. The stock has a market cap of $419.40, a PE ratio of 10.94 and a beta of 0.34.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings data on Friday, November 10th. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.40 by C$0.02. MCAN Mortgage had a return on equity of 13.75% and a net margin of 38.20%.

In related news, insider Ian Sutherland purchased 4,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was acquired at an average price of C$17.43 per share, with a total value of C$69,720.00. Also, Director Susan Doré sold 1,900 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of C$17.00, for a total value of C$32,300.00. In the last quarter, insiders have purchased 8,700 shares of company stock valued at $151,253.

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About MCAN Mortgage

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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