Tricon Capital Group Receives Average Rating of “Buy” from Analysts (TSE:TCN)
Tricon Capital Group (TSE:TCN) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the stock, StockRatingsNetwork.com reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$10.07.
Tricon Capital Group (TSE:TCN) traded up 0.81% during mid-day trading on Wednesday, hitting $7.50. The stock had a trading volume of 36,895 shares. Tricon Capital Group has a 52-week low of $5.78 and a 52-week high of $8.54. The stock has a 50-day moving average of $7.65 and a 200-day moving average of $7.76. The company has a market cap of $678.8 million and a P/E ratio of 10.33.
TCN has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Tricon Capital Group in a research note on Tuesday. They set an “outperform” rating and a C$10.00 price target on the stock. Separately, 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. Finally, 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.
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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