Timbercreek Financial (TSE:TF) had its price target trimmed by TD Securities from C$9.50 to C$9.00 in a research report sent to investors on Thursday. The brokerage currently has a hold rating on the stock.
Separately, Fundamental Research set a C$10.34 price target on Timbercreek Financial and gave the company a buy rating in a research note on Thursday, November 22nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Timbercreek Financial presently has a consensus rating of Buy and an average target price of C$9.78.
Timbercreek Financial stock opened at C$9.21 on Thursday. The company has a debt-to-equity ratio of 165.76, a quick ratio of 154.43 and a current ratio of 154.70. The company has a market capitalization of $745.48 million and a PE ratio of 14.10. Timbercreek Financial has a 12 month low of C$8.50 and a 12 month high of C$9.54.
Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.
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