Timbercreek Financial (TSE:TF) Price Target Raised to C$8.25

Timbercreek Financial (TSE:TF) had its price target hoisted by research analysts at National Bankshares from C$8.00 to C$8.25 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 6.87% from the company’s previous close.

A number of other analysts have also commented on the stock. Canaccord Genuity Group set a C$8.00 price target on shares of Timbercreek Financial and gave the company a “buy” rating in a research note on Wednesday, April 23rd. TD Securities boosted their price target on shares of Timbercreek Financial from C$7.00 to C$7.50 and gave the company a “hold” rating in a research note on Wednesday, May 7th.

Timbercreek Financial Stock Performance

Shares of TF stock opened at C$7.72 on Tuesday. The firm has a market capitalization of C$637.06 million, a PE ratio of 10.84 and a beta of 1.23. The firm has a fifty day simple moving average of C$7.57 and a two-hundred day simple moving average of C$7.05. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88. Timbercreek Financial has a 12 month low of C$5.91 and a 12 month high of C$8.29.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.