Timbercreek Financial (TSE:TF) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Timbercreek Financial Corp. (TSE:TF) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$6.23 and traded as low as C$5.64. Timbercreek Financial shares last traded at C$5.83, with a volume of 239,104 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TF shares. National Bank Financial lowered their price target on Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Thursday, July 30th. Canaccord Genuity Group cut their price objective on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a report on Thursday, July 30th. Raymond James Financial reduced their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, TD lowered their target price on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating on the stock in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Stock Down 0.5%

The firm has a market cap of C$479.97 million, a P/E ratio of 18.71 and a beta of 0.80. The company’s 50-day simple moving average is C$6.21 and its 200 day simple moving average is C$6.54. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last posted its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$45.12 million for the quarter. Timbercreek Financial had a net margin of 17.14% and a return on equity of 3.85%. Research analysts anticipate that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Company Profile

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.