TD Securities Issues Pessimistic Forecast for Timbercreek Financial (TSE:TF) Stock Price

Timbercreek Financial (TSE:TF) had its price objective dropped by investment analysts at TD Securities from C$8.00 to C$7.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 7.03% from the stock’s current price.

Timbercreek Financial Stock Performance

TSE TF opened at C$6.54 on Monday. The firm’s 50 day simple moving average is C$6.93 and its 200 day simple moving average is C$7.49. The firm has a market capitalization of C$539.68 million, a price-to-earnings ratio of 9.18 and a beta of 1.23. The company has a current ratio of 1.53, a quick ratio of 145.00 and a debt-to-equity ratio of 122.88. Timbercreek Financial has a 1 year low of C$6.46 and a 1 year high of C$8.29.

Timbercreek Financial Company Profile

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.