Aegis Capital Starts Manhattan Bridge Capital Inc (LOAN) at Hold

January 13, 2020 11:45 AM EST
Get Alerts LOAN Hot Sheet
Price: $6.82 --0%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 61
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Aegis Capital analyst Benjamin Zucker initiates coverage on Manhattan Bridge Capital Inc (NASDAQ: LOAN) with a Hold rating and a price target of $6.35.

The analyst comments "We initiate coverage with a “Hold” rating due to the company’s existing premium valuation (P/TBV of 1.83x vs. peers at 1.05x). To be sure, we believe LOAN warrants a significant valuation premium relative to other hard-money bridge lenders because the company generates superior returns while using less leverage."

For an analyst ratings summary and ratings history on Manhattan Bridge Capital Inc click here. For more ratings news on Manhattan Bridge Capital Inc click here.

Shares of Manhattan Bridge Capital Inc closed at $6.27 yesterday.

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