Timbercreek Financial (TSE:TF) Price Target Lowered to C$8.00 at National Bank Financial

Timbercreek Financial (TSE:TF) had its price target decreased by analysts at National Bank Financial from C$8.25 to C$8.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 19.58% from the stock’s previous close.

Separately, Canaccord Genuity Group dropped their target price on shares of Timbercreek Financial from C$8.50 to C$7.75 in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$7.92.

Timbercreek Financial Stock Performance

Timbercreek Financial stock traded down C$0.57 during midday trading on Thursday, reaching C$6.69. The stock had a trading volume of 1,479,281 shares, compared to its average volume of 222,103. The firm has a market capitalization of C$553.62 million, a PE ratio of 14.54 and a beta of 1.01. The company has a quick ratio of 145.00, a current ratio of 1.53 and a debt-to-equity ratio of 122.88. The firm’s 50-day moving average price is C$7.08 and its 200 day moving average price is C$7.16. Timbercreek Financial has a 12 month low of C$5.91 and a 12 month high of C$7.98.

About Timbercreek Financial

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.