Fundamental Research Trims Timbercreek Financial (TF) Target Price to C$10.20

Timbercreek Financial (TSE:TF) had its price objective reduced by Fundamental Research from C$10.34 to C$10.20 in a research report issued on Friday. The firm currently has a “top pick” rating on the stock. Fundamental Research’s price objective would indicate a potential upside of 10.03% from the company’s current price.

The analysts wrote, “Fundamental Research Corp has issued a report entitled “Timbercreek Financial Corp. (TSX: TF) – 2018 In line with Expectations / Shares Remain Undervalued ” and dated March 8, 2019. The full report is now at www.researchfrc.com.

TF is an FRC Top Pick

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A number of other research firms have also recently commented on TF. Raymond James reiterated a “market perform” rating on shares of Timbercreek Financial in a report on Thursday, March 7th. TD Securities decreased their price objective on Timbercreek Financial from C$9.50 to C$9.00 and set a “hold” rating on the stock in a report on Thursday, March 7th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Timbercreek Financial in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$9.73.

Shares of Timbercreek Financial stock traded down C$0.08 on Friday, hitting C$9.27. 61,710 shares of the company were exchanged, compared to its average volume of 87,145. The stock has a market cap of $759.19 million and a P/E ratio of 13.84. Timbercreek Financial has a 1-year low of C$8.50 and a 1-year high of C$9.54. The company has a debt-to-equity ratio of 165.76, a current ratio of 133.24 and a quick ratio of 133.24.

About Timbercreek Financial

Timbercreek Financial Corporation, a mortgage investment company, provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing commercial real estate properties, such as multi-residential, office, and retail buildings located in urban markets.

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