Timbercreek Financial (TSE:TF) PT Set at C$8.00 by Canaccord Genuity Group

Timbercreek Financial (TSE:TF) has been given a C$8.00 price target by equities researchers at Canaccord Genuity Group in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 14.61% from the stock’s previous close.

Separately, TD Securities lowered their price objective on Timbercreek Financial from C$8.00 to C$7.00 and set a “hold” rating for the company in a research report on Monday, March 3rd.

Timbercreek Financial Stock Up 1.0 %

TSE TF opened at C$6.98 on Wednesday. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. Timbercreek Financial has a 52 week low of C$5.91 and a 52 week high of C$8.29. The company has a market capitalization of C$575.99 million, a P/E ratio of 9.80 and a beta of 1.23. The stock’s 50-day moving average price is C$6.57 and its 200-day moving average price is C$7.11.

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.