Timbercreek Financial (TSE:TF) Price Target Raised to C$8.25

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 price objective increased by investment analysts at National Bankshares from C$8.00 to C$8.25 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bankshares' price target points to a potential upside of 8.13% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group set a C$8.00 price target on Timbercreek Financial and gave the company a "buy" rating in a research note on Wednesday, April 23rd. TD Securities upped their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "hold" rating in a report on Wednesday, May 7th.

Timbercreek Financial Stock Down 1.3%

Shares of Timbercreek Financial stock traded down C$0.10 on Tuesday, reaching C$7.63. 265,697 shares of the company were exchanged, compared to its average volume of 198,752. The company has a market capitalization of C$629.63 million, a price-to-earnings ratio of 10.72 and a beta of 1.23. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88. Timbercreek Financial has a one year low of C$5.91 and a one year high of C$8.29. The company has a 50-day moving average of C$7.59 and a 200 day moving average of C$7.06.

Timbercreek Financial Company Profile

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.