Timbercreek Financial (TSE:TF – Get Free Report) has been assigned a C$8.40 price target by research analysts at Raymond James in a report issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 11.55% from the stock’s current price.
TF has been the subject of a number of other reports. National Bankshares upped their price target on Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. TD Securities raised shares of Timbercreek Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from C$7.00 to C$8.50 in a research report on Wednesday, February 28th. Finally, Fundamental Research set a C$9.90 price objective on Timbercreek Financial and gave the stock a “buy” rating in a report on Wednesday, March 13th.
Check Out Our Latest Research Report on TF
Timbercreek Financial Stock Down 2.0 %
Timbercreek Financial (TSE:TF – Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.18 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$29.72 million for the quarter, compared to analyst estimates of C$29.49 million. As a group, research analysts forecast that Timbercreek Financial will post 0.7256214 EPS for the current fiscal year.
Timbercreek Financial Company Profile
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.
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