MCAN Mortgage Co. (TSE:MKP – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$24.09 and traded as high as C$26.03. MCAN Mortgage shares last traded at C$25.62, with a volume of 26,822 shares trading hands.
Analyst Upgrades and Downgrades
Separately, National Bank Financial set a C$27.00 target price on MCAN Mortgage and gave the company an “outperform” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$24.67.
Check Out Our Latest Research Report on MCAN Mortgage
MCAN Mortgage Stock Down 0.7%
MCAN Mortgage (TSE:MKP – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$0.57 earnings per share for the quarter. The business had revenue of C$41.60 million for the quarter. MCAN Mortgage had a return on equity of 12.71% and a net margin of 25.51%. As a group, analysts forecast that MCAN Mortgage Co. will post 2.5108359 EPS for the current year.
About MCAN Mortgage
MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives most of its revenues from mortgage income and equity income.
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