A number of other analysts also recently issued reports on MEQ. TD Securities downgraded shares of Mainstreet Equity Corp. from a buy rating to a hold rating and cut their price objective for the company from C$42.00 to C$38.00 in a report on Thursday, December 8th. Canaccord Genuity cut their price target on shares of Mainstreet Equity Corp. from C$36.00 to C$34.00 and set a hold rating for the company in a report on Wednesday, December 7th.
Mainstreet Equity Corp. (TSE:MEQ) opened at 35.75 on Thursday. The firm’s 50-day moving average is $33.73 and its 200-day moving average is $32.58. The company has a market cap of $317.57 million and a PE ratio of 16.26. Mainstreet Equity Corp. has a 52 week low of $30.00 and a 52 week high of $37.98.
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About Mainstreet Equity Corp.
Mainstreet Equity Corp. is a Canada-based real estate company, which is focused on the acquisition, redevelopment, repositioning and management of mid-market rental apartment buildings. The Company is engaged in multi-family residential housing. The Company operates in four Canadian markets: Vancouver/Lower Mainland, Calgary (including the City of Lethbridge and the Town of Cochrane), Edmonton (including the City of Fort Saskatchewan) and Saskatoon.
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