Timbercreek Financial (TSE:TF) Price Target Raised to C$8.00 at TD Securities

Key Points

• Timbercreek Financial has had its price target raised by TD Securities from C$7.50 to C$8.00, indicating a potential upside of 3.09% from its current price.
• In addition to TD Securities, Canaccord Genuity Group and National Bankshares have also set their price targets for the company at C$8.00 and C$8.25, respectively.
• The company's market capitalization is approximately C$640.36 million, with shares recently trading at C$7.76, reflecting strong market interest.

Timbercreek Financial (TSE:TF - Get Free Report) had its price objective upped by research analysts at TD Securities from C$7.50 to C$8.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' price target suggests a potential upside of 3.09% from the company's current price.

A number of other equities research analysts have also recently weighed in on TF. Canaccord Genuity Group set a C$8.00 price target on Timbercreek Financial and gave the company a "buy" rating in a report on Wednesday, April 23rd. National Bankshares raised their target price on Timbercreek Financial from C$8.00 to C$8.25 and gave the company a "sector perform" rating in a research note on Tuesday.

Timbercreek Financial Price Performance

Shares of TF traded up C$0.10 during mid-day trading on Thursday, reaching C$7.76. The company had a trading volume of 492,328 shares, compared to its average volume of 197,716. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00. The company has a market capitalization of C$640.36 million, a P/E ratio of 10.90 and a beta of 1.23. Timbercreek Financial has a twelve month low of C$5.91 and a twelve month high of C$8.29. The company's 50-day moving average is C$7.57 and its 200-day moving average is C$7.05.

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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