Firm Capital Mortgage Investment (TSE:FC) PT Raised to C$14.00 at TD Securities

Firm Capital Mortgage Investment (TSE:FC) had its target price lifted by stock analysts at TD Securities from C$13.50 to C$14.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 2.12% from the company’s previous close.

Shares of FC stock traded up C$0.06 during trading hours on Wednesday, hitting C$13.71. 9,387 shares of the company were exchanged, compared to its average volume of 28,392. The stock has a market cap of $387.60 million and a price-to-earnings ratio of 14.08. Firm Capital Mortgage Investment has a 1 year low of C$12.59 and a 1 year high of C$13.97. The company has a debt-to-equity ratio of 71.17, a quick ratio of 0.08 and a current ratio of 0.08. The business’s fifty day moving average price is C$13.71.

Firm Capital Mortgage Investment Company Profile

Firm Capital Mortgage Investment Corporation, through its mortgage banker Firm Capital Corporation, provides residential and commercial real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company offers mortgage services, such as real estate financing, real estate investment financing, capital market services, and loan servicing and advisory services; lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situations loans; and various types of lending facilities to mortgage brokers.

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