National Bank Financial Initiates Coverage on Tricon Capital (TCN)
Equities research analysts at National Bank Financial began coverage on shares of Tricon Capital (TSE:TCN) in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm set an “outperform” rating and a C$10.00 price target on the stock. National Bank Financial’s price target indicates a potential upside of 25.94% from the stock’s previous close.
Shares of Tricon Capital (TSE:TCN) traded up 1.76% during mid-day trading on Monday, hitting $8.08. The stock had a trading volume of 84,558 shares. Tricon Capital has a 52-week low of $5.65 and a 52-week high of $8.33. The stock’s 50-day moving average is $7.61 and its 200-day moving average is $6.99. The company has a market cap of $728.4 million and a price-to-earnings ratio of 34.52.
Tricon Capital (TSE:TCN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.11 EPS for the quarter. On average, analysts predict that Tricon Capital will post $0.43 earnings per share for the current fiscal year.
TCN has been the subject of a number of other recent research reports. Analysts at NBF initiated coverage on shares of Tricon Capital in a research note to investors on Monday. They set an “outperform” rating and a C$10.00 price target on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Tricon Capital from C$8.75 to C$10.50 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Tricon Capital from C$7.15 to C$8.50 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Tricon Capital currently has a consensus rating of “Buy” and an average price target of C$9.50.
Founded in 1988, Tricon is one of North America’s leading residential real estate investment companies with approximately $1.
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