Timbercreek Financial (TSE:TF) Stock Rating Lowered by Canaccord Genuity Group

Timbercreek Financial (TSE:TF) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Friday,BayStreet.CA reports. They currently have a C$7.30 price target on the stock, down from their previous price target of C$7.75. Canaccord Genuity Group’s price objective would suggest a potential upside of 8.31% from the stock’s current price.

Separately, National Bank Financial dropped their price target on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Timbercreek Financial presently has an average rating of “Hold” and a consensus target price of C$7.77.

Timbercreek Financial Trading Up 0.4%

TSE:TF traded up C$0.03 during trading hours on Friday, reaching C$6.74. 492,160 shares of the company were exchanged, compared to its average volume of 231,559. The firm has a market cap of C$557.76 million, a price-to-earnings ratio of 14.65 and a beta of 1.01. The stock has a 50 day simple moving average of C$7.07 and a 200 day simple moving average of C$7.16. Timbercreek Financial has a 52-week low of C$5.91 and a 52-week high of C$7.98. The company has a debt-to-equity ratio of 122.88, a current ratio of 1.53 and a quick ratio of 145.00.

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.