MCAN Mortgage (TSE:MKP) Sets New 12-Month High – Here’s What Happened

Shares of MCAN Mortgage Co. (TSE:MKP) reached a new 52-week high on Friday . The company traded as high as C$26.27 and last traded at C$26.26, with a volume of 16245 shares. The stock had previously closed at C$25.91.

Wall Street Analyst Weigh In

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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.67.

MCAN Mortgage Trading Up 1.2%

The company’s 50-day moving average is C$24.93 and its 200 day moving average is C$23.78. The firm has a market cap of C$1.07 billion, a PE ratio of 12.92 and a beta of 0.84.

MCAN Mortgage (TSE:MKP) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$0.57 EPS for the quarter. MCAN Mortgage had a net margin of 25.51% and a return on equity of 12.71%. The firm had revenue of C$41.60 million for the quarter. On average, research analysts predict that MCAN Mortgage Co. will post 2.5108359 EPS for the current fiscal 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.