Timbercreek Financial (TSE:TF) Stock Price Up 0.3% - Here's What Happened

Timbercreek Financial Corp. (TSE:TF - Get Free Report)'s share price was up 0.3% during trading on Friday . The company traded as high as C$7.59 and last traded at C$7.53. Approximately 232,029 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 202,281 shares. The stock had previously closed at C$7.51.

Wall Street Analysts Forecast Growth

TF has been the topic of several research analyst reports. TD Securities boosted their price objective on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "hold" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group set a C$8.00 price target on Timbercreek Financial and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

Timbercreek Financial Stock Performance

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 company has a market capitalization of C$623.85 million, a PE ratio of 10.62 and a beta of 1.23. The business has a 50 day simple moving average of C$7.15 and a 200 day simple moving average of C$6.94.

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.