Canaccord Genuity Group Lowers Timbercreek Financial (TSE:TF) Price Target to C$7.75

Timbercreek Financial (TSE:TF) had its price target lowered by equities researchers at Canaccord Genuity Group from C$8.50 to C$7.75 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 16.72% from the company’s previous close.

Several other brokerages have also recently issued reports on TF. TD Securities upped their price target on shares of Timbercreek Financial from C$7.50 to C$8.00 and gave the company a “hold” rating in a research report on Thursday, July 31st. National Bankshares increased their price objective on Timbercreek Financial from C$8.00 to C$8.25 and gave the company a “sector perform” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$8.00.

Timbercreek Financial Stock Performance

Timbercreek Financial stock opened at C$6.64 on Friday. The business has a 50 day moving average of C$7.45 and a 200-day moving average of C$7.43. The company has a market capitalization of C$549.48 million, a P/E ratio of 14.43 and a beta of 1.08. Timbercreek Financial has a 1 year low of C$5.91 and a 1 year high of C$8.17. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00.

About Timbercreek Financial

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada.