Tricon Capital Group (OTCMKTS:TCNGF) Price Target Cut to $12.00 by Analysts at CIBC

Tricon Capital Group (OTCMKTS:TCNGF) had its price objective trimmed by CIBC from $13.75 to $12.00 in a research report sent to investors on Tuesday, The Fly reports. The brokerage currently has an outperform rating on the stock.

TCNGF has been the topic of several other research reports. Royal Bank of Canada lowered their target price on shares of Tricon Capital Group from $13.00 to $11.00 and set an outperform rating on the stock in a report on Thursday, April 9th. Scotiabank lowered their target price on shares of Tricon Capital Group from $13.50 to $10.25 and set an outperform rating on the stock in a report on Monday, April 20th.

TCNGF opened at $5.71 on Tuesday. The firm’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $7.36. Tricon Capital Group has a twelve month low of $4.72 and a twelve month high of $9.02.

About Tricon Capital Group

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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