Atrium Mortgage Investment (TSE:AI) Given a C$13.50 Price Target by Canaccord Genuity Group Analysts

Key Points

• Canaccord Genuity set a C$13.50 price target and a "buy" rating on Atrium Mortgage Investment (TSE:AI), implying roughly a 10.75% upside
• Shares traded at C$12.19 on the most recent session with volume of 282,940 (vs. average 136,732), a 52‑week range of C$10.61–C$12.25, market cap of C$585.36M and a P/E of 11.83.
• Atrium Mortgage Investment is a non‑bank mortgage lender operating in major Canadian urban centres that aims to deliver stable dividends and preserve shareholder equity through conservative lending.

Atrium Mortgage Investment (TSE:AI - Get Free Report) received a C$13.50 price objective from research analysts at Canaccord Genuity Group in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 10.75% from the company's current price.

Separately, Fundamental Research set a C$13.12 price target on Atrium Mortgage Investment and gave the company a "buy" rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of C$13.31.

Atrium Mortgage Investment Stock Performance

Shares of AI stock traded up C$0.32 during trading hours on Friday, reaching C$12.19. 282,940 shares of the company's stock were exchanged, compared to its average volume of 136,732. Atrium Mortgage Investment has a fifty-two week low of C$10.61 and a fifty-two week high of C$12.25. The stock has a market capitalization of C$585.36 million, a P/E ratio of 11.83 and a beta of 0.69. The business has a fifty day moving average price of C$11.72 and a 200-day moving average price of C$11.58. The company has a quick ratio of 102.54, a current ratio of 3.15 and a debt-to-equity ratio of 67.69.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders' equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.

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