CIBC Boosts Tricon Capital Group Inc (TCN) Price Target to C$13.25
Tricon Capital Group Inc (TSE:TCN) had its price objective hoisted by equities research analysts at CIBC from C$13.00 to C$13.25 in a report released on Monday. CIBC’s target price would indicate a potential upside of 14.62% from the company’s current price.
Several other brokerages have also commented on TCN. Raymond James Financial, Inc. dropped their price target on Tricon Capital Group from C$14.00 to C$13.75 and set a “strong-buy” rating for the company in a research note on Friday. TD Securities lowered their target price on Tricon Capital Group from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada increased their target price on Tricon Capital Group from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday.
Shares of Tricon Capital Group (TSE TCN) traded down C$0.01 during trading hours on Monday, reaching C$11.56. The company’s stock had a trading volume of 141,436 shares, compared to its average volume of 259,545. Tricon Capital Group has a 12 month low of C$8.75 and a 12 month high of C$12.05.
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Tricon Capital Group Company Profile
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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