Timbercreek Financial (TSE:TF) Price Target Cut to C$5.00 by Analysts at TD

Timbercreek Financial (TSE:TF) had its price objective dropped by investment analysts at TD from C$5.50 to C$5.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “hold” rating on the stock. TD‘s price target points to a potential upside of 19.90% from the stock’s current price.

TF has been the topic of several other research reports. Canaccord Genuity Group lowered their price target on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a report on Thursday, July 30th. Raymond James Financial reduced their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, National Bank Financial decreased their target price on shares of Timbercreek Financial from C$6.50 to C$6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$6.12.

Timbercreek Financial Stock Performance

Shares of TSE:TF traded down C$0.97 during trading on Thursday, hitting C$4.17. 1,728,219 shares of the stock were exchanged, compared to its average volume of 237,095. Timbercreek Financial has a 1-year low of C$4.05 and a 1-year high of C$7.36. The company has a market capitalization of C$345.08 million, a price-to-earnings ratio of 13.45 and a beta of 0.66. The company’s fifty day simple moving average is C$5.32 and its 200-day simple moving average is C$6.28. 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 released its quarterly earnings data on Wednesday, November 11th. The company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$32.73 million for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%. Sell-side analysts expect that Timbercreek Financial will post 0.73 EPS for the current fiscal year.

Insider Buying and Selling at Timbercreek Financial

In other Timbercreek Financial news, Director Robert Blair Tamblyn purchased 9,400 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of C$5.31 per share, with a total value of C$49,914.00. Following the completion of the acquisition, the director directly owned 127,656 shares of the company’s stock, valued at C$677,853.36. This represents a 7.95% increase in their position. Company insiders own 0.85% of the company’s stock.

Timbercreek Financial Company Profile

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.