National Bank Financial Issues Pessimistic Forecast for Timbercreek Financial (TSE:TF) Stock Price

Timbercreek Financial (TSE:TF) had its target price cut by research analysts at National Bank Financial from C$8.25 to C$8.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 18.34% from the stock’s previous close.

Separately, Canaccord Genuity Group decreased their price target on Timbercreek Financial from C$8.50 to C$7.75 in a research note on Friday, October 31st. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$7.77.

Timbercreek Financial Trading Up 0.7%

Shares of TSE:TF opened at C$6.76 on Thursday. The stock has a market capitalization of C$559.41 million, a PE ratio of 14.70 and a beta of 1.01. Timbercreek Financial has a 1 year low of C$5.91 and a 1 year high of C$7.98. The firm has a fifty day moving average price of C$7.07 and a 200 day moving average price of C$7.16. 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 Company Profile

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.