Timbercreek Financial (TSE:TF) Price Target Cut to C$5.50 by Analysts at TD

Key Points

• TD lowered Timbercreek Financial’s price target to C$5.50 from C$6.50 and maintained a “hold” rating, implying 6.59% potential upside from the stock’s current price.
• Analyst sentiment remains cautious: the consensus rating is “Hold,” with one Buy and three Hold ratings, while the average price target is C$6.38.
• The stock fell 0.6% to C$5.16 and is trading near its 52-week low of C$5.07. Director Robert Blair Tamblyn recently bought 9,400 shares at an average price of C$5.31.

Timbercreek Financial (TSE:TF - Get Free Report) had its price target cut by TD from C$6.50 to C$5.50 in a research note issued on Wednesday, BayStreet reports. The firm currently has a "hold" rating on the stock. TD's target price indicates a potential upside of 6.59% from the stock's current price.

A number of other equities research analysts also recently commented on TF. Canaccord Genuity Group dropped their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a "hold" rating on the stock in a research report on Thursday, July 30th. National Bank Financial decreased their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Finally, Raymond James Financial lowered their target price on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$6.38.

Timbercreek Financial Stock Down 0.6%

TF stock traded down C$0.03 during mid-day trading on Wednesday, reaching C$5.16. The company had a trading volume of 125,900 shares, compared to its average volume of 225,009. The firm has a fifty day simple moving average of C$5.70 and a 200 day simple moving average of C$6.26. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84. The company has a market capitalization of C$427.01 million, a price-to-earnings ratio of 16.65 and a beta of 0.84. Timbercreek Financial has a fifty-two week low of C$5.07 and a fifty-two week high of C$7.40.

Timbercreek Financial (TSE:TF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 EPS for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. The business had revenue of C$45.12 million during the quarter. Analysts forecast that Timbercreek Financial will post 0.73 earnings per share for the current fiscal year.

Insider Activity at Timbercreek Financial

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