Timbercreek Financial (TSE:TF) had its target price reduced by National Bank Financial from C$10.25 to C$10.00 in a report issued on Thursday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.
Several other research firms also recently commented on TF. Echelon Wealth Partners reissued a buy rating on shares of Timbercreek Financial in a research note on Tuesday, April 30th. Fundamental Research decreased their price target on shares of Timbercreek Financial from C$10.34 to C$10.20 and set a top pick rating on the stock in a research note on Friday, March 8th. Raymond James reissued a market perform rating on shares of Timbercreek Financial in a research note on Thursday, March 7th. Finally, TD Securities decreased their price target on shares of Timbercreek Financial from C$9.50 to C$9.00 and set a hold rating on the stock in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Timbercreek Financial currently has a consensus rating of Buy and a consensus price target of C$9.80.
TF stock opened at C$9.27 on Thursday. The company has a market cap of $755.23 million and a price-to-earnings ratio of 13.88. Timbercreek Financial has a one year low of C$8.50 and a one year high of C$9.54. The company has a current ratio of 133.81, a quick ratio of 133.58 and a debt-to-equity ratio of 169.83.
Timbercreek Financial Company Profile
Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.
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