Tricon Capital Group (TSE:TCN) Trading Up 0.3%
Tricon Capital Group Inc (TSE:TCN)’s share price was up 0.3% during trading on Monday . The stock traded as high as C$10.64 and last traded at C$10.56. Approximately 71,055 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 326,467 shares. The stock had previously closed at C$10.53.
Several equities analysts recently commented on TCN shares. TD Securities dropped their price objective on Tricon Capital Group from C$15.00 to C$14.50 and set an “action list buy” rating on the stock in a research note on Wednesday, April 3rd. Raymond James upped their price objective on Tricon Capital Group from C$13.00 to C$13.25 and gave the company a “strong-buy” rating in a research note on Monday, March 4th.
The stock has a market cap of $2.04 billion and a price-to-earnings ratio of 10.53. The stock’s 50 day moving average is C$10.52. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 36.14.
In related news, Director Gary Berman bought 5,050 shares of the company’s stock in a transaction on Monday, April 8th. The shares were purchased at an average price of C$10.75 per share, for a total transaction of C$54,287.50. Following the completion of the transaction, the director now directly owns 451,651 shares in the company, valued at approximately C$4,855,248.25.
About Tricon Capital Group (TSE:TCN)
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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