Breaking Finance News

National Bank Financial announced MCAN Mortgage Corp (TSE:MKP), bumping up its stock price target to $15.50 today

In a report released on 10/17/2017 National Bank Financial increased the stock price target of MCAN Mortgage Corp (TSE:MKP) from $14.00 to $15.50 reporting a possible downside of -0.10%.

Previously on 3/1/2016, National Bank Financial reported on MCAN Mortgage Corp (TSE:MKP) increased the target price from $12.00 to $13.00. At the time, this indicated a possible upside of 0.04%.

Just yesterday MCAN Mortgage Corp (TSE:MKP) traded 1.19% higher at $17.15. MCAN Mortgage Corp’s 50-day moving average is $15.43 and its 200-day moving average is $14.88. The last closing price is up 14.57% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 36,591 shares of MKP traded hands, up from an average trading volume of 13,948

Recent Performance Chart

MCAN Mortgage Corp (TSE:MKP)

MCAN Mortgage Corp has 52 week low of $13.10 and a 52 week high of $17.33 with a PE ratio of 10.38 and has a market capitalization of $0.

In addition to National Bank Financial reporting its stock price target, a total of 2 brokers have issued a research note on the company. The average stock price target is $11.22 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On MCAN Mortgage Corp (TSE:MKP)

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. The Company's primary subsidiary, Xceed Mortgage Corporation (Xceed), focuses on the origination and sale to MCAN and third party mortgage aggregators of residential first-charge mortgage products across Canada. The Company also participates in the National Housing Act (NHA) mortgage-backed securities (MBS) program.

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