Equities research analysts at National Bank Financial started coverage on shares of Street Capital Group (TSE:SCB) in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The brokerage set an “outperform” rating and a C$2.50 price target on the stock. National Bank Financial’s target price would suggest a potential upside of 26.26% from the company’s previous close.
In other Street Capital Group news, Director Lea Michelle Ray bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average cost of C$2.40 per share, for a total transaction of C$60,000.00.
Street Capital Group (TSE:SCB) traded up 0.51% during mid-day trading on Friday, reaching $1.99. The company’s stock had a trading volume of 40,800 shares. Street Capital Group has a one year low of $1.75 and a one year high of $2.45. The stock has a market cap of $198.82 million and a P/E ratio of 8.54. The firm’s 50 day moving average is $2.29 and its 200-day moving average is $2.20.
Street Capital Group Inc, formerly Counsel Corporation, is a financial services company. The Company operates in the business of mortgage lending, through its subsidiary, Street Capital Financial Corporation (TSE:SCB), which is a residential mortgage lender. Street Capital sells its mortgages to financial institutions in Canada at the time of placement for a cash premium, a servicing fee over the life of the mortgage and, in some cases, an excess interest rate spread over the life of the mortgage. Street Capital sources its mortgages through its network of independent mortgage brokers. Street Capital’s primary business is originating prime insurable mortgages. The Company also owns a private equity business through a wholly owned subsidiary, Knight’s Bridge Capital Partners Inc.