Tricon Capital Group (TCN) Upgraded to Action List Buy by TD Securities
TD Securities upgraded shares of Tricon Capital Group (TSE:TCN) from a buy rating to an action list buy rating in a research report sent to investors on Friday morning. They currently have C$13.50 target price on the stock.
Other equities analysts also recently issued research reports about the stock. National Bank Financial lowered their target price on shares of Tricon Capital Group from C$14.00 to C$12.00 and set an outperform rating on the stock in a report on Monday, March 5th. Scotiabank reaffirmed an outperform rating and set a C$12.25 price target on shares of Tricon Capital Group in a research note on Wednesday, March 21st. Raymond James Financial decreased their price target on shares of Tricon Capital Group from C$13.75 to C$12.50 and set a strong-buy rating on the stock in a research note on Monday, March 5th. Finally, Royal Bank of Canada decreased their price target on shares of Tricon Capital Group from C$14.00 to C$13.00 and set an outperform rating on the stock in a research note on Friday, March 2nd. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Tricon Capital Group has a consensus rating of Buy and a consensus price target of C$12.86.
TCN stock opened at C$10.23 on Friday. Tricon Capital Group has a one year low of C$9.57 and a one year high of C$12.05.
In other news, insider Wissam Francis acquired 5,400 shares of the business’s stock in a transaction on Monday, March 5th. The shares were acquired at an average price of C$10.02 per share, for a total transaction of C$54,108.00. Insiders have acquired 7,422 shares of company stock worth $74,285 in the last quarter.
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Tricon Capital Group Company Profile
Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.
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