TD Securities Issues Pessimistic Forecast for Timbercreek Financial (TSE:TF) Stock Price

Timbercreek Financial (TSE:TF) had its price target dropped by investment analysts at TD Securities from C$8.00 to C$7.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 4.01% from the company’s previous close.

Timbercreek Financial Stock Up 0.4 %

Shares of Timbercreek Financial stock traded up C$0.03 during trading hours on Monday, reaching C$6.73. 131,810 shares of the company were exchanged, compared to its average volume of 262,926. Timbercreek Financial has a 1 year low of C$6.54 and a 1 year high of C$8.29. The stock’s fifty day moving average is C$6.95 and its 200 day moving average is C$7.51. The company has a debt-to-equity ratio of 122.88, a quick ratio of 145.00 and a current ratio of 1.53. The firm has a market cap of C$555.36 million, a PE ratio of 9.45 and a beta of 1.23.

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.