Timbercreek Financial (TSE:TF) Given a C$8.40 Price Target at Raymond James

Timbercreek Financial (TSE:TF - Get Free Report) has been assigned a C$8.40 target price by Raymond James in a research note issued on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Raymond James' price objective indicates a potential upside of 9.38% from the stock's current price.

TF has been the subject of a number of other reports. Fundamental Research set a C$9.90 price objective on shares of Timbercreek Financial and gave the company a "buy" rating in a research report on Wednesday, March 13th. National Bankshares raised their price objective on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a "sector perform" rating in a research report on Wednesday, February 28th. Finally, TD Securities upgraded shares of Timbercreek Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from C$7.00 to C$8.50 in a research report on Wednesday, February 28th.

Timbercreek Financial Stock Performance

Shares of TF traded up C$0.07 during trading hours on Monday, hitting C$7.68. The company's stock had a trading volume of 184,064 shares, compared to its average volume of 110,643. The company has a market cap of C$637.52 million, a price-to-earnings ratio of 9.85 and a beta of 1.24. The company has a debt-to-equity ratio of 142.94, a current ratio of 7.72 and a quick ratio of 145.00. The business has a 50 day simple moving average of C$7.63 and a two-hundred day simple moving average of C$7.06. Timbercreek Financial has a 52-week low of C$5.74 and a 52-week high of C$7.85.

Timbercreek Financial (TSE:TF - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.19 by C($0.01). Timbercreek Financial had a return on equity of 9.49% and a net margin of 75.87%. The business had revenue of C$29.72 million during the quarter, compared to analysts' expectations of C$29.49 million. On average, equities analysts expect that Timbercreek Financial will post 0.7256214 earnings per share for the current fiscal year.

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.