TD Securities Forecasts Strong Price Appreciation for Timbercreek Financial (TSE:TF) Stock

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 target price lifted by TD Securities from C$7.50 to C$8.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' target price points to a potential upside of 4.85% from the stock's current price.

Several other equities research analysts also recently commented on the stock. Canaccord Genuity Group set a C$8.00 price objective on shares of Timbercreek Financial and gave the company a "buy" rating in a report on Wednesday, April 23rd. National Bankshares upped their price objective on shares of Timbercreek Financial from C$8.00 to C$8.25 and gave the company a "sector perform" rating in a report on Tuesday, July 29th.

Timbercreek Financial Stock Performance

TSE TF traded down C$0.10 during trading on Thursday, hitting C$7.63. 265,697 shares of the company's stock traded hands, compared to its average volume of 198,752. The stock has a market capitalization of C$629.63 million, a price-to-earnings ratio of 10.72 and a beta of 1.23. Timbercreek Financial has a 12-month low of C$5.91 and a 12-month high of C$8.29. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53. The business 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.