Tricon Residential (OTCMKTS:TCNGF) Stock Price Up 0.2%

Tricon Residential Inc. (OTCMKTS:TCNGF)’s share price rose 0.2% on Monday . The company traded as high as $12.75 and last traded at $12.70. Approximately 8,219 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 6,148 shares. The stock had previously closed at $12.67.

TCNGF has been the subject of a number of recent analyst reports. CIBC raised their price objective on Tricon Residential from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Stifel Nicolaus raised their price objective on Tricon Residential from C$16.30 to C$18.00 and gave the stock a “buy” rating in a research report on Tuesday, July 20th. Royal Bank of Canada raised their target price on Tricon Residential from C$15.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. TD Securities raised their target price on Tricon Residential from C$16.50 to C$18.00 and gave the stock a “buy” rating in a research note on Friday, August 13th. Finally, Canaccord Genuity raised their target price on Tricon Residential from C$14.25 to C$15.75 and gave the stock a “buy” rating in a research note on Tuesday, July 20th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $17.11.

The company has a 50 day moving average of $12.10 and a two-hundred day moving average of $11.14.

Tricon Residential Company Profile (OTCMKTS:TCNGF)

Tricon Residential, Inc is a residential real estate investment company, which engages in rental housing. It operates through the following segments: Private Funds and Advisory; Tricon Housing Partners; Tricon American Homes; and Tricon Lifestyle Rentals. The Private Funds and Advisory segment manages an investment portfolio of residential real estate assets in the U.S.

Featured Story: What are Institutional Investors?

Receive News & Ratings for Tricon Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tricon Residential and related companies with MarketBeat.com's FREE daily email newsletter.