Firm Capital Mortgage Investment (TSE:FC) Price Target Cut to C$14.00 by Analysts at Laurentian

Firm Capital Mortgage Investment (TSE:FCGet Rating) had its price target reduced by stock analysts at Laurentian from C$16.00 to C$14.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Laurentian’s price target indicates a potential upside of 6.06% from the stock’s current price.

TSE:FC traded up C$0.01 on Monday, reaching C$13.20. The company’s stock had a trading volume of 26,836 shares, compared to its average volume of 49,495. Firm Capital Mortgage Investment has a 12-month low of C$12.71 and a 12-month high of C$15.84. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 65.95. The firm has a market cap of C$443.67 million and a price-to-earnings ratio of 14.07. The stock has a 50 day moving average price of C$13.82 and a 200 day moving average price of C$14.14.

Firm Capital Mortgage Investment (TSE:FCGet Rating) last posted its earnings results on Wednesday, March 9th. The company reported C$0.22 EPS for the quarter. The business had revenue of C$13.05 million during the quarter. Equities research analysts expect that Firm Capital Mortgage Investment will post 1 EPS for the current fiscal year.

In related news, Director Francis J.C. Newbould sold 5,518 shares of the business’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of C$13.77, for a total value of C$75,955.27.

Firm Capital Mortgage Investment Company Profile (Get Rating)

Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situation loans.

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