Tricon Residential (TCN) Stock Forecast & Price Target

C$10.69

-0.17 (-1.57%)

(As of 11/30/2023 ET)

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Today's Range: C$10.62
▼
C$10.83
50-Day Range: C$9.11
▼
C$10.92
52-Week Range: C$9.03
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C$12.55

Volume: 526,394 shs
Average Volume: 532,155 shs
Market Capitalization: C$2.91 billion

P/E Ratio: 13.36
Dividend Yield: 2.99%
Price Target: C$10.10

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Tricon Residential Consensus Analyst Rating and Stock Price Forecast (2023)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 3 Analyst Ratings

Analysts' Consensus Price Target

C$10.10
-5.52% Downside

High Forecast	C$13.00
Average Forecast	C$10.10
Low Forecast	C$5.75

Type	Current Forecast 11/30/22 to 11/30/23	1 Month Ago 10/31/22 to 10/31/23	3 Months Ago 9/1/22 to 9/1/23	1 Year Ago 11/30/21 to 11/30/22
Consensus Rating	Moderate Buy	Moderate Buy	Buy	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	2 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$10.10	C$10.92	C$12.79	C$15.34
Predicted Upside	-5.52% Downside	0.87% Upside	7.43% Upside	3.92% Upside

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TCN Analyst Ratings 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.

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.

Tricon Residential Stock vs. The Competition

Type	Tricon Residential	Real Estate Companies
Consensus Rating Score	2.67	2.44
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/9/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$13.50 ➝ C$12.50	+27.03%
10/25/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Gloyn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform Under Weight
10/25/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$11.25 ➝ C$9.00	-2.91%
10/18/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$11.00 ➝ C$10.25	+6.88%
2/24/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$6.50 ➝ C$5.75	-48.52%
1/30/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$15.00 ➝ C$13.00	+14.34%

(Data available from 11/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

TCN Price Target - Frequently Asked Questions

What is Tricon Residential's consensus rating and price target?: According to the issued ratings of 3 analysts in the last year, the consensus rating for Tricon Residential stock is Moderate Buy based on the current 1 hold rating and 2 buy ratings for TCN. The average twelve-month price prediction for Tricon Residential is C$10.10 with a high price target of C$13.00 and a low price target of C$5.75. Learn more on TCN's analyst rating history.
Do Wall Street analysts like Tricon Residential more than its competitors?: Analysts like Tricon Residential more than other Real Estate companies. The consensus rating for Tricon Residential is Moderate Buy while the average consensus rating for real estate companies is Hold. Learn more on how TCN compares to other companies.
Does Tricon Residential's stock price have much downside?: According to analysts, Tricon Residential's stock has a predicted downside of -1.51% based on their 12-month stock forecasts.

What analysts cover Tricon Residential?: Tricon Residential has been rated by BMO Capital Markets, National Bank Financial, Raymond James, and Scotiabank in the past 90 days.

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This page (TSE:TCN) was last updated on 11/30/2023 by MarketBeat.com Staff

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