Timbercreek Financial (TSE:TF) Price Target Cut to C$5.50 by Analysts at TD

Timbercreek Financial (TSE:TF) had its price target cut by investment analysts at TD from C$6.50 to C$5.50 in a research report issued on Wednesday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD’s price target suggests a potential upside of 6.59% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group decreased their price target on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday, July 30th. National Bank Financial lowered their price objective on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Finally, Raymond James Financial dropped their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$6.38.

Timbercreek Financial Stock Performance

TSE TF traded down C$0.03 on Wednesday, reaching C$5.16. The stock had a trading volume of 125,900 shares, compared to its average volume of 225,009. The stock has a market cap of C$427.01 million, a P/E ratio of 16.65 and a beta of 0.84. Timbercreek Financial has a 12-month low of C$5.07 and a 12-month high of C$7.40. The business’s 50-day moving average price is C$5.70 and its 200 day moving average price is C$6.26. The company has a debt-to-equity ratio of 232.22, a quick ratio of 145.00 and a current ratio of 1.84.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$45.12 million for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. As a group, equities analysts expect that Timbercreek Financial will post 0.73 earnings per share for the current year.

Insider Buying and Selling at Timbercreek Financial

In other news, Director Robert Blair Tamblyn acquired 9,400 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average cost of C$5.31 per share, for a total transaction of C$49,914.00. Following the transaction, the director directly owned 127,656 shares in the company, valued at approximately C$677,853.36. This represents a 7.95% increase in their position. 0.85% of the stock is currently owned by corporate insiders.

About Timbercreek Financial

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.