Tricon Capital Group Inc (TCN) Earns Strong-Buy Rating from Raymond James Financial, Inc.
Tricon Capital Group Inc (TSE:TCN)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Raymond James Financial, Inc. in a report released on Monday. They presently have a C$13.00 price objective on the stock. Raymond James Financial, Inc.’s target price points to a potential upside of 19.82% from the company’s previous close.
TCN has been the topic of several other reports. Royal Bank of Canada reiterated an “outperform” rating on shares of Tricon Capital Group in a research report on Wednesday, November 30th. TD Securities boosted their price objective on Tricon Capital Group from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Friday, February 24th. CIBC boosted their price objective on Tricon Capital Group from C$12.00 to C$12.50 in a research report on Friday, February 24th. Finally, Canaccord Genuity lowered their price objective on Tricon Capital Group from C$12.00 to C$11.50 in a research report on Thursday, January 5th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$12.86.
Tricon Capital Group (TSE:TCN) traded up 1.50% during trading on Monday, reaching $10.80. The company had a trading volume of 810,332 shares. The firm’s 50 day moving average is $10.45 and its 200 day moving average is $9.62. The company has a market capitalization of $1.22 billion and a PE ratio of 23.33. Tricon Capital Group has a one year low of $8.10 and a one year high of $11.16.
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Tricon Capital Group Company Profile
Tricon Capital Group Inc is an asset manager and principal investor focused on the residential real estate industry. The Company operates through five segments. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts and sidecars.
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