Mainstreet Equity (TSE:MEQ) Price Target Raised to C$48.00 at TD Securities

Mainstreet Equity (TSE:MEQ) had its target price lifted by TD Securities from C$44.00 to C$48.00 in a research report sent to investors on Wednesday, May 9th. TD Securities currently has a hold rating on the stock.

Shares of Mainstreet Equity opened at C$41.00 on Wednesday, reports. Mainstreet Equity has a fifty-two week low of C$36.11 and a fifty-two week high of C$44.44.

Mainstreet Equity (TSE:MEQ) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$0.36 EPS for the quarter, missing analysts’ consensus estimates of C$0.75 by C($0.39). The business had revenue of C$27.06 million for the quarter. Mainstreet Equity had a return on equity of 2.03% and a net margin of 12.71%.

About Mainstreet Equity

Mainstreet Equity Corp., a real estate corporation, engages in the acquisition, divestiture, value-enhancement, and management of multi-family residential properties primarily in Western Canada. The company owns a portfolio of mid-market rental apartment buildings in Vancouver lower mainland, Calgary and Southern Alberta, Edmonton, and Saskatoon.

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