Tricon Capital Group Inc (TSE:TCN) – Stock analysts at National Bank Financial increased their FY2016 EPS estimates for Tricon Capital Group in a research note issued to investors on Tuesday. National Bank Financial analyst T. Johnson now anticipates that the firm will post earnings of $0.70 per share for the year, up from their prior estimate of $0.61. National Bank Financial has a “Outperform” rating and a $13.00 price target on the stock. National Bank Financial also issued estimates for Tricon Capital Group’s FY2017 earnings at $0.71 EPS.
Several other research firms have also recently commented on TCN. Royal Bank Of Canada reissued an “outperform” rating on shares of Tricon Capital Group in a research note on Wednesday, August 31st. Canaccord Genuity reissued a “buy” rating and set a C$12.00 target price on shares of Tricon Capital Group in a research note on Friday, August 12th. Finally, TD Securities raised their target price on shares of Tricon Capital Group from C$11.50 to C$12.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$12.64.
Shares of Tricon Capital Group (TSE:TCN) opened at 9.26 on Thursday. Tricon Capital Group has a 12-month low of $7.53 and a 12-month high of $11.09. The firm has a market cap of $1.04 billion and a P/E ratio of 12.25. The company has a 50-day moving average of $9.61 and a 200 day moving average of $9.03.
About Tricon Capital Group
Tricon Capital Group Inc is an asset manager and principal investor focused on the residential real estate industry. The Company operates through five segments. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts and sidecars.
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