Timbercreek Financial (TSE:TF) Given New C$7.00 Price Target at TD Securities

Timbercreek Financial (TSE:TF – Get Free Report) had its price target lowered by research analysts at TD Securities from C$8.00 to C$7.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 6.87% from the company’s current price.

Separately, Fundamental Research set a C$10.01 target price on shares of Timbercreek Financial and gave the stock a “buy” rating in a research note on Tuesday, August 15th.

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Timbercreek Financial Trading Up 4.6 %

Shares of Timbercreek Financial stock opened at C$6.55 on Friday. Timbercreek Financial has a 1 year low of C$5.74 and a 1 year high of C$8.35. The company has a market capitalization of C$545.88 million, a P/E ratio of 8.73 and a beta of 1.14. The company has a debt-to-equity ratio of 153.24, a quick ratio of 145.00 and a current ratio of 142.22. The company’s fifty day moving average is C$6.73 and its two-hundred day moving average is C$7.23.

Timbercreek Financial (TSE:TF – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.01). Timbercreek Financial had a return on equity of 9.04% and a net margin of 78.35%. The firm had revenue of C$31.78 million during the quarter, compared to analyst estimates of C$31.38 million. Analysts forecast that Timbercreek Financial will post 0.7710997 earnings per share for the current year.

About Timbercreek Financial

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Timbercreek Financial Corp., a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, retail, and office properties in urban markets.

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