Tricon Capital Group Now Covered by Analysts at BMO Capital Markets (TCN)
Analysts at BMO Capital Markets assumed coverage on shares of Tricon Capital Group (TSE:TCN) in a research report issued to clients and investors on Tuesday. The firm set an “outperform” rating and a C$10.00 price target on the stock. BMO Capital Markets’ price objective indicates a potential upside of 36.99% from the stock’s previous close.
Shares of Tricon Capital Group (TSE:TCN) traded up 1.92% during mid-day trading on Tuesday, hitting $7.44. The stock had a trading volume of 141,440 shares. Tricon Capital Group has a 52-week low of $5.78 and a 52-week high of $8.54. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $7.76. The company has a market cap of $673.4 million and a P/E ratio of 10.14.
TCN has been the subject of a number of other recent research reports. Analysts at TD Securities initiated coverage on shares of Tricon Capital Group in a research note on Wednesday, August 6th. They set a “buy” rating and a C$9.50 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Tricon Capital Group to C$10.00 in a research note on Tuesday, July 15th. They now have a “buy” rating on the stock. Finally, analysts at CIBC initiated coverage on shares of Tricon Capital Group in a research note on Friday, June 20th. They set an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$10.07.
Tricon Capital Group Inc (TSE:TCN) is a North American real estate asset manager and principal investor with a primary focus on the residential sector.
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