Timbercreek Financial (TSE:TF) Given New C$8.25 Price Target at National Bankshares

Key Points

• National Bankshares has increased its price target for Timbercreek Financial from C$8.00 to C$8.25, indicating a potential upside of 5.23% based on the stock's previous close.
• Timbercreek Financial shares rose 1.2%, reaching C$7.84 during midday trading, with a market capitalization of C$646.96 million and a price-to-earnings ratio of 11.01.
• The company specializes in providing structured financing solutions for commercial real estate investors in Canada, focusing on income-producing properties like multi-residential and retail buildings.

Timbercreek Financial (TSE:TF - Get Free Report) had its target price lifted by research analysts at National Bankshares from C$8.00 to C$8.25 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price objective suggests a potential upside of 5.23% from the stock's previous close.

Several other brokerages have also commented on TF. TD Securities upped their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the stock a "hold" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group set a C$8.00 price target on shares of Timbercreek Financial and gave the company a "buy" rating in a report on Wednesday, April 23rd.

Timbercreek Financial Trading Up 1.2%

Shares of TSE:TF traded up C$0.09 during midday trading on Tuesday, reaching C$7.84. The company's stock had a trading volume of 105,457 shares, compared to its average volume of 194,720. The firm has a market cap of C$646.96 million, a price-to-earnings ratio of 11.01 and a beta of 1.23. The business has a 50 day moving average price of C$7.55 and a 200 day moving average price of C$7.04. Timbercreek Financial has a 1 year low of C$5.91 and a 1 year high of C$8.29. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.

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