National Bank Financial Cuts Timbercreek Financial (TSE:TF) Price Target to C$8.00

Timbercreek Financial (TSE:TF) had its price objective lowered by National Bank Financial from C$8.25 to C$8.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Separately, Canaccord Genuity Group reduced their price target on shares of Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Trading Up 0.7%

Shares of TF stock opened at C$6.76 on Thursday. The business has a 50-day moving average price of C$7.07 and a two-hundred day moving average price of C$7.15. Timbercreek Financial has a 12-month low of C$5.91 and a 12-month high of C$7.98. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The firm has a market cap of C$559.41 million, a P/E ratio of 14.70 and a beta of 1.01.

Timbercreek Financial Company Profile

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. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.