MCAN Mortgage (TSE:MKP) Given a C$19.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$19.00 price target on MCAN Mortgage (TSE:MKP) in a report published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

MCAN Mortgage Trading Down 0.2 %

MCAN Mortgage stock opened at C$18.66 on Tuesday. MCAN Mortgage has a 12 month low of C$14.87 and a 12 month high of C$18.89. The company has a market capitalization of C$711.88 million, a price-to-earnings ratio of 8.48 and a beta of 0.85. The business’s fifty day simple moving average is C$17.78 and its two-hundred day simple moving average is C$16.68. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 373.58.

MCAN Mortgage (TSE:MKP) last issued its earnings results on Monday, August 12th. The company reported C$0.52 earnings per share (EPS) for the quarter. MCAN Mortgage had a net margin of 61.99% and a return on equity of 14.76%. As a group, equities analysts predict that MCAN Mortgage will post 2.5108359 earnings per share for the current fiscal year.

MCAN Mortgage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date of this dividend was Friday, September 13th. MCAN Mortgage’s payout ratio is currently 70.91%.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.