Timbercreek Financial (TSE:TF) Share Price Passes Below 50 Day Moving Average - What's Next?

Key Points

• Timbercreek Financial shares fell below their 50-day moving average, trading as low as C$5.55 versus the C$6.09 average, on volume of 265,553 shares.
• Analysts broadly reduced their price targets, resulting in a consensus “Hold” rating and an average target of C$6.62. Ratings include one Buy and three Holds.
• The company reported quarterly EPS of C$0.18 on revenue of C$45.12 million, with a 3.85% return on equity and a 17.14% net margin.

Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.09 and traded as low as C$5.55. Timbercreek Financial shares last traded at C$5.55, with a volume of 265,553 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TF shares. Raymond James Financial lowered their price objective on shares of 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. National Bank Financial reduced their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. TD decreased their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a "hold" rating on the stock in a research report on Friday, July 31st. Finally, Canaccord Genuity Group lowered their price target 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$6.62.

Timbercreek Financial Stock Down 0.9%

The company has a quick ratio of 145.00, a current ratio of 1.84 and a debt-to-equity ratio of 232.22. The company has a 50-day simple moving average of C$6.09 and a two-hundred day simple moving average of C$6.45. The stock has a market cap of C$459.28 million, a P/E ratio of 17.90 and a beta of 0.80.

Timbercreek Financial (TSE:TF - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%.The firm had revenue of C$45.12 million during the quarter. On average, equities analysts forecast that Timbercreek Financial Corp. will post 0.7300725 EPS for the current year.

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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