National Bank Financial Trims Timbercreek Financial (TF) Target Price to C$10.00

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 (TSE:TF) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$0.18 EPS for the quarter, hitting the consensus estimate of C$0.18. The business had revenue of C$25.17 million for the quarter, compared to analysts’ expectations of C$26.40 million. On average, analysts anticipate that Timbercreek Financial will post 0.749999980010662 EPS for the current year.

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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Analyst Recommendations for Timbercreek Financial (TSE:TF)

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