Timbercreek Financial (TSE:TF) Price Target Raised to C$8.50

Timbercreek Financial (TSE:TF) had its price target raised by National Bankshares from C$8.00 to C$8.50 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 3.16% from the company’s current price.

Separately, TD Securities raised their price objective on shares of Timbercreek Financial from C$7.50 to C$8.00 in a report on Friday, August 2nd.

Timbercreek Financial Stock Up 1.2 %

TF stock traded up C$0.10 during mid-day trading on Wednesday, reaching C$8.24. The company had a trading volume of 101,760 shares, compared to its average volume of 127,546. The firm has a fifty day simple moving average of C$8.03 and a 200 day simple moving average of C$7.61. The company has a debt-to-equity ratio of 132.31, a quick ratio of 145.00 and a current ratio of 7.36. The company has a market capitalization of C$684.00 million, a price-to-earnings ratio of 11.30 and a beta of 1.23. Timbercreek Financial has a fifty-two week low of C$5.74 and a fifty-two week high of C$8.29.

Timbercreek Financial (TSE:TF) last issued its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Timbercreek Financial had a net margin of 70.41% and a return on equity of 8.73%. The firm had revenue of C$26.68 million for the quarter, compared to analysts’ expectations of C$27.90 million. Analysts forecast that Timbercreek Financial will post 0.7300725 earnings per share for the current fiscal year.

About Timbercreek Financial

Timbercreek Financial Corp. 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, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.