Shares of Timbercreek Financial Corp. (TSE:TF - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.23 and traded as low as C$5.64. Timbercreek Financial shares last traded at C$5.83, with a volume of 239,104 shares traded.
Analyst Ratings Changes
Several analysts recently issued reports on TF shares. National Bank Financial reduced their price target on Timbercreek Financial from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Raymond James Financial lowered their price objective on Timbercreek Financial from C$7.50 to C$7.25 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Canaccord Genuity Group reduced 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 report on Thursday, July 30th. Finally, TD lowered their price target 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Timbercreek Financial has a consensus rating of "Hold" and an average price target of C$6.62.
Read Our Latest Analysis on Timbercreek Financial
Timbercreek Financial Stock Up 2.6%
The firm has a 50 day moving average of C$6.23 and a two-hundred day moving average of C$6.54. The firm has a market capitalization of C$482.45 million, a price-to-earnings ratio of 18.81 and a beta of 0.81. The company has a quick ratio of 145.00, a current ratio of 1.84 and a debt-to-equity ratio of 232.22.
Timbercreek Financial (TSE:TF - Get Free Report) last issued 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 business had revenue of C$45.12 million for the quarter. As a group, sell-side analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.
About Timbercreek Financial
(
Get Free Report)
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.
Further Reading
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