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Tricon Residential (TCN) Stock Forecast & Price Target

Tricon Residential - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$12.39
High ForecastC$15.17
Average ForecastC$12.39
Low ForecastC$9.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$12.39C$12.39C$12.39C$12.79
Forecasted UpsideN/A1.83% Upside1.83% Upside3.66% Upside
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TCN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TCN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Tricon Residential Stock vs. The Competition

TypeTricon ResidentialReal Estate Companies
Consensus Rating Score
2.00
2.48
Consensus RatingHoldHold
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/5/2024National Bankshares
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 DowngradeSector Perform ➝ TenderC$11.00 ➝ C$15.17+1.61%
1/22/2024BMO Capital Markets
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 DowngradeOutperform ➝ Market PerformC$12.50 ➝ C$15.15+2.23%
10/25/2023National Bank Financial
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J. Gloyn
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Reiterated RatingSector Perform Under Weight
10/25/2023Raymond James
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 Lower TargetC$11.25 ➝ C$9.00-2.91%
10/18/2023Scotiabank
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 Lower TargetSector PerformC$11.00 ➝ C$10.25+6.88%
2/24/2023Stifel Nicolaus
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 Lower TargetC$6.50 ➝ C$5.75-48.52%
11/14/2022The Goldman Sachs Group
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 Boost TargetBuyC$14.00+16.57%
10/13/2022CIBC
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 Lower TargetOutperformC$21.00 ➝ C$18.00+55.17%
9/19/2022Citigroup
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 UpgradeBuyC$12.50-7.13%
8/25/2022Morgan Stanley
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 Lower TargetHoldC$12.75-11.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:50 AM ET.

TCN Forecast - Frequently Asked Questions

What is Tricon Residential's forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Tricon Residential is C$12.39, with a high forecast of C$15.17 and a low forecast of C$9.00.

Should I buy or sell Tricon Residential stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares.

Does Tricon Residential's stock price have much upside?

According to analysts, Tricon Residential's stock has a predicted upside of 1.83% based on their 12-month stock forecasts.

Do Wall Street analysts like Tricon Residential more than its competitors?

Analysts like Tricon Residential less than other "real estate" companies. The consensus rating score for Tricon Residential is 2.00 while the average consensus rating score for "real estate" companies is 2.48. Learn more on how TCN compares to other companies.


This page (TSE:TCN) was last updated on 7/12/2024 by MarketBeat.com Staff

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