MCAN Mortgage (TSE:MKP) Price Target Raised to C$16.00

MCAN Mortgage (TSE:MKP) had its price target hoisted by National Bank Financial from C$15.00 to C$16.00 in a research note issued to investors on Thursday, February 1st. The brokerage currently has an underperform rating on the stock.

Shares of MCAN Mortgage (MKP) opened at C$17.96 on Thursday. The stock has a market capitalization of $419.63, a price-to-earnings ratio of 10.95 and a beta of 0.32. MCAN Mortgage has a 1-year low of C$13.10 and a 1-year high of C$18.22.

In other MCAN Mortgage news, insider Ian Sutherland acquired 4,000 shares of MCAN Mortgage stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of C$17.43 per share, with a total value of C$69,720.00.

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About MCAN Mortgage

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.

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