CIBC Raises Tricon Capital Group (TCN) Price Target to C$13.75

Tricon Capital Group (TSE:TCN) had its target price upped by equities research analysts at CIBC from C$13.25 to C$13.75 in a research report issued on Friday. CIBC’s price target suggests a potential upside of 28.38% from the company’s previous close.

Other research analysts also recently issued reports about the company. BMO Capital Markets boosted their target price on Tricon Capital Group from C$13.00 to C$13.50 in a report on Friday, August 10th. Canaccord Genuity boosted their target price on Tricon Capital Group from C$13.50 to C$14.25 in a report on Friday, August 10th. Royal Bank of Canada boosted their price objective on shares of Tricon Capital Group from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Thursday, July 12th. Finally, Raymond James boosted their price objective on shares of Tricon Capital Group from C$12.50 to C$13.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 10th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$13.47.

Shares of TCN traded down C$0.13 on Friday, hitting C$10.71. The company’s stock had a trading volume of 207,014 shares, compared to its average volume of 244,188. The company has a debt-to-equity ratio of 39.58, a current ratio of 1.50 and a quick ratio of 1.37. Tricon Capital Group has a fifty-two week low of C$9.57 and a fifty-two week high of C$11.88.

Tricon Capital Group (TSE:TCN) last announced its earnings results on Wednesday, August 8th. The company reported C$0.50 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.31. The business had revenue of C$69.71 million during the quarter. On average, sell-side analysts predict that Tricon Capital Group will post 0.860000012823859 EPS for the current fiscal year.

Tricon Capital Group Company Profile

Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.

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