TD Issues Pessimistic Forecast for Timbercreek Financial (TSE:TF) Stock Price

Key Points

• TD cut its price target on Timbercreek Financial from C$5.50 to C$5.00 and maintained a “hold” rating; the new target implies 19.9% upside from the previous close.
• Analyst sentiment remains cautious: the consensus rating is “hold,” with an average target price of C$6.12.
• Shares fell C$0.97 to C$4.17 on Thursday, near the stock’s 52-week low of C$4.05.

Timbercreek Financial (TSE:TF - Get Free Report) had its price objective dropped by analysts at TD from C$5.50 to C$5.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage currently has a "hold" rating on the stock. TD's target price indicates a potential upside of 19.90% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group decreased their target price on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating for the company in a research note on Thursday, July 30th. National Bank Financial dropped their price target on shares of Timbercreek Financial from C$6.50 to C$6.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 28th. Finally, Raymond James Financial cut their price objective on Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating for the company in a report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$6.12.

Timbercreek Financial Price Performance

Shares of TSE:TF traded down C$0.97 during trading hours on Thursday, hitting C$4.17. 1,728,219 shares of the company's stock traded hands, compared to its average volume of 237,095. The company's fifty day simple moving average is C$5.32 and its two-hundred day simple moving average is C$6.28. The company has a market cap of C$345.08 million, a price-to-earnings ratio of 13.45 and a beta of 0.66. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84. Timbercreek Financial has a 52 week low of C$4.05 and a 52 week high of C$7.36.

Timbercreek Financial (TSE:TF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$0.10 EPS for the quarter. The business had revenue of C$32.73 million during the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. As a group, equities analysts anticipate that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Insider Transactions at Timbercreek Financial

In related news, Director Robert Blair Tamblyn purchased 9,400 shares of the firm's stock in a transaction on Friday, September 25th. The shares were bought at an average cost of C$5.31 per share, for a total transaction of C$49,914.00. Following the transaction, the director directly owned 127,656 shares of the company's stock, valued at approximately C$677,853.36. This trade represents a 7.95% increase in their position. 0.85% of the stock is owned by corporate insiders.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.

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