Tricon Residential (TSE:TCN) has been given a C$14.50 target price by National Bankshares in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 9.35% from the stock’s current price.
TCN has been the subject of several other reports. Royal Bank of Canada increased their target price on shares of Tricon Residential from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets increased their target price on shares of Tricon Residential from C$15.00 to C$15.50 and gave the company an “outperform” rating in a research note on Wednesday. CIBC upped their price target on shares of Tricon Residential from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities upped their price target on shares of Tricon Residential from C$14.50 to C$15.50 and gave the company a “buy” rating in a research report on Tuesday. Finally, National Bank Financial upped their price target on shares of Tricon Residential to C$14.50 and gave the company an “outperform” rating in a research report on Monday, May 17th. Six equities research analysts have rated the stock with a buy rating, Tricon Residential has a consensus rating of “Buy” and an average price target of C$15.32.
TCN stock opened at C$13.26 on Wednesday. Tricon Residential has a 12 month low of C$8.42 and a 12 month high of C$13.73. The firm has a market capitalization of C$2.78 billion and a price-to-earnings ratio of 16.70. The company’s 50 day simple moving average is C$13.10. The company has a current ratio of 1.28, a quick ratio of 1.21 and a debt-to-equity ratio of 219.79.
In other Tricon Residential news, Director Geoffrey Matus sold 56,025 shares of the stock in a transaction that occurred on Thursday, June 3rd. The shares were sold at an average price of C$13.00, for a total value of C$728,325.00. In the last quarter, insiders sold 197,233 shares of company stock valued at $2,564,029.
About Tricon Residential
Founded in 1988, Tricon is a rental housing company focused on serving the middle-market demographic. Tricon owns and operates approximately 31,000 single-family rental homes and multi-family rental units in 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.
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