Tricon Capital Group Inc (TSE:TCN) PT Lowered to C$13.00
Tricon Capital Group Inc (TSE:TCN) had its price objective lowered by equities research analysts at TD Securities from C$13.50 to C$13.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.27% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Tricon Capital Group in a report on Wednesday, June 28th. Raymond James Financial, Inc. increased their price objective on shares of Tricon Capital Group from C$13.00 to C$14.00 and gave the company a “strong-buy” rating in a research note on Tuesday, May 16th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$13.07.
Tricon Capital Group (TSE:TCN) traded up 0.55% during midday trading on Friday, reaching $10.96. 379,901 shares of the company traded hands. The stock has a market capitalization of $1.38 billion and a price-to-earnings ratio of 81.19. The firm has a 50 day moving average of $11.05 and a 200-day moving average of $10.89. Tricon Capital Group has a 12 month low of $8.26 and a 12 month high of $12.05.
In other news, Director Ira Gluskin bought 62,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was acquired at an average price of C$11.23 per share, for a total transaction of C$699,629.00. Also, insider Wissam Francis sold 3,305 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of C$11.31, for a total transaction of C$37,379.55.
About Tricon Capital Group
Tricon Capital Group Inc is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).
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