Tricon Capital Group (TCN) Receives Outperform Rating from Scotiabank
Tricon Capital Group (TSE:TCN)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$12.25 price objective on the stock. Scotiabank’s price target points to a potential upside of 22.38% from the company’s current price.
Other equities analysts have also issued reports about the company. National Bank Financial cut their target price on Tricon Capital Group from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Monday, March 5th. Royal Bank of Canada cut their target price on Tricon Capital Group from C$14.00 to C$13.00 and set an “outperform” rating on the stock in a report on Friday, March 2nd. Finally, Raymond James Financial cut their target price on Tricon Capital Group from C$13.75 to C$12.50 and set a “strong-buy” rating on the stock in a report on Monday, March 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$12.86.
Shares of TCN stock opened at C$10.01 on Wednesday. Tricon Capital Group has a 1-year low of C$9.77 and a 1-year high of C$12.05. The stock has a market capitalization of $1,360.00, a price-to-earnings ratio of 20.43 and a beta of 0.72.
In related news, insider Wissam Francis bought 5,400 shares of the business’s stock in a transaction on Monday, March 5th. The shares were bought at an average cost of C$10.02 per share, for a total transaction of C$54,108.00. Over the last 90 days, insiders have acquired 7,422 shares of company stock worth $74,285.
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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