Raymond James Financial Cuts Tricon Capital Group (TCN) Price Target to C$12.50
Tricon Capital Group (TSE:TCN) had its price objective dropped by analysts at Raymond James Financial from C$13.75 to C$12.50 in a research note issued on Monday. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s target price points to a potential upside of 23.52% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. Canaccord Genuity boosted their target price on Tricon Capital Group from C$13.25 to C$13.50 in a research note on Monday, November 13th. Royal Bank of Canada boosted their target price on Tricon Capital Group from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. TD Securities boosted their target price on Tricon Capital Group from C$12.50 to C$13.50 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, CIBC boosted their target price on Tricon Capital Group from C$13.00 to C$13.25 in a research note on Monday, November 13th.
Tricon Capital Group (TCN) traded up C$0.08 during midday trading on Monday, reaching C$10.12. The company’s stock had a trading volume of 102,270 shares, compared to its average volume of 228,662. The company has a market cap of $1,340.00, a PE ratio of 30.64 and a beta of 0.72. Tricon Capital Group has a 12-month low of C$9.83 and a 12-month high of C$12.05.
About Tricon Capital Group
Tricon Capital Group Inc is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).
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