Mainstreet Equity (TSE:MEQ) Upgraded at Atb Cap Markets

Key Points

• Mainstreet Equity has received an upgrade from Atb Cap Markets, raising its rating from "hold" to "strong-buy".
• The price target for Mainstreet Equity was increased from C$225.00 to C$235.00 in a research note by Atb Cap on Monday.
• Mainstreet Equity focuses on acquiring and managing mid-market residential rental apartment buildings across Western Canada.

Mainstreet Equity (TSE:MEQ - Get Free Report) was upgraded by equities researchers at Atb Cap Markets from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Separately, ATB Capital upgraded Mainstreet Equity from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$225.00 to C$235.00 in a research note on Monday.

Mainstreet Equity Price Performance

TSE:MEQ opened at C$195.45 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.51 and a debt-to-equity ratio of 109.80. The stock's 50 day moving average price is C$188.51 and its two-hundred day moving average price is C$191.89. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 9.71 and a beta of 1.63. Mainstreet Equity has a 12-month low of C$179.50 and a 12-month high of C$216.37.

Mainstreet Equity Company Profile

Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada. The company owns a portfolio of multi-family residential properties in British Columbia, Calgary, Edmonton, Saskatoon, Regina, and Winnipeg.

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