Timbercreek Financial (TSE:TF) Stock Price Down 0.1% - Here's What Happened

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s share price fell 0.1% on Thursday . The stock traded as low as C$7.38 and last traded at C$7.40. 124,415 shares were traded during trading, a decline of 41% from the average session volume of 210,797 shares. The stock had previously closed at C$7.41.

Analysts Set New Price Targets

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

Timbercreek Financial Trading Up 1.2%

The firm has a 50 day moving average of C$6.86 and a 200-day moving average of C$6.96. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The firm has a market capitalization of C$604.88 million, a P/E ratio of 10.29 and a beta of 1.23.

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.