Mainstreet Equity Corp. (MEQ) Rating Reiterated by AltaCorp Capital

Mainstreet Equity Corp. (MEQ) Rating Reiterated by AltaCorp Capital


AltaCorp Capital restated their outperform rating on shares of Mainstreet Equity Corp. (TSE:MEQ) in a report published on Thursday morning.

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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Dan specializes in matters of money management and personal finance and has been published on numerous financial, business, health and wellness and sports websites.