Timbercreek Financial (TSE:TF) has been given a C$10.34 target price by stock analysts at Fundamental Research in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Fundamental Research’s price objective points to a potential upside of 11.30% from the company’s current price.
The analysts wrote, “Fundamental Research Corp has issued a report entitled “Timbercreek Financial Corp. (TSX: TF) – Strong Q3 / Raising Fair Value” and dated November 19, 2018. The full report is now at www.researchfrc.com.
TF is an FRC Top Pick
Separately, Industrial Alliance Securities reaffirmed a “buy” rating and set a C$10.00 price target on shares of Timbercreek Financial in a research report on Wednesday, October 10th.
Shares of TSE TF traded up C$0.02 during midday trading on Thursday, reaching C$9.29. The company had a trading volume of 74,684 shares, compared to its average volume of 73,770. Timbercreek Financial has a one year low of C$8.87 and a one year high of C$9.70. The company has a debt-to-equity ratio of 165.76, a current ratio of 154.70 and a quick ratio of 154.43.
About Timbercreek Financial
Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.
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