TD Cuts Timbercreek Financial (TSE:TF) Price Target to C$6.50

Timbercreek Financial (TSE:TF) had its price target dropped by investment analysts at TD from C$7.00 to C$6.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s price target suggests a potential upside of 7.08% from the company’s current price.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective on Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating for the company in a research note on Thursday. National Bank Financial cut their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Raymond James Financial reduced their price target on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Timbercreek Financial has a consensus rating of “Hold” and an average price target of C$6.62.

Timbercreek Financial Stock Down 2.4%

TSE:TF traded down C$0.15 on Friday, hitting C$6.07. The stock had a trading volume of 251,429 shares, compared to its average volume of 216,688. Timbercreek Financial has a 1 year low of C$6.05 and a 1 year high of C$7.98. The firm’s fifty day simple moving average is C$6.49 and its two-hundred day simple moving average is C$6.73. The company has a debt-to-equity ratio of 214.06, a quick ratio of 145.00 and a current ratio of 0.20. The stock has a market cap of C$502.31 million, a P/E ratio of 16.41 and a beta of 0.82.

Timbercreek Financial (TSE:TF) last announced 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$34.86 million for the quarter. Timbercreek Financial had a return on equity of 4.48% and a net margin of 20.62%. Analysts predict that Timbercreek Financial will post 0.7300725 earnings per share for the current year.

About Timbercreek Financial

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.