Tricon Residential (OTCMKTS:TCNGF) PT Raised to C$15.50

Tricon Residential (OTCMKTS:TCNGF) had its price target lifted by BMO Capital Markets from C$15.00 to C$15.50 in a research note issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the stock.

TCNGF has been the subject of a number of other reports. Royal Bank of Canada boosted their price target on Tricon Residential from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus cut their price target on Tricon Residential from C$17.00 to C$16.30 and set a “buy” rating for the company in a research note on Wednesday. National Bank Financial started coverage on Tricon Residential in a research note on Wednesday. They set an “outperform” rating for the company. TD Securities boosted their price target on Tricon Residential from $13.50 to $14.50 and gave the company a “buy” rating in a research note on Friday, March 5th. Finally, CIBC boosted their price target on Tricon Residential from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Friday, May 14th. Eight research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $15.26.

OTCMKTS TCNGF opened at $10.94 on Wednesday. Tricon Residential has a one year low of $5.49 and a one year high of $11.18. The stock has a 50-day simple moving average of $10.62.

About Tricon Residential

Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.

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Analyst Recommendations for Tricon Residential (OTCMKTS:TCNGF)

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