National Bankshares Boosts Timbercreek Financial (TSE:TF) Price Target to C$8.50

Timbercreek Financial (TSE:TF) had its target price increased by research analysts at National Bankshares from C$8.00 to C$8.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price points to a potential upside of 12.14% from the company’s previous close.

Separately, TD Securities increased their target price on Timbercreek Financial from C$7.50 to C$8.00 in a research note on Friday, August 2nd.

Timbercreek Financial Price Performance

TSE:TF opened at C$7.58 on Wednesday. The company has a quick ratio of 145.00, a current ratio of 7.36 and a debt-to-equity ratio of 132.31. The firm has a market cap of C$629.22 million, a PE ratio of 10.38 and a beta of 1.23. Timbercreek Financial has a 12 month low of C$5.74 and a 12 month high of C$8.29. The company’s 50-day moving average price is C$8.03 and its two-hundred day moving average price is C$7.62.

Timbercreek Financial (TSE:TF) last announced its earnings results on Wednesday, October 30th. The company reported C$0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.17. The company had revenue of C$25.41 million during the quarter, compared to analyst estimates of C$28.54 million. Timbercreek Financial had a return on equity of 8.73% and a net margin of 70.41%. On average, equities analysts anticipate that Timbercreek Financial will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.