Timbercreek Financial (TSE:TF) Reaches New 52-Week Low – What’s Next?

Timbercreek Financial Corp. (TSE:TF)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$6.00 and last traded at C$6.01, with a volume of 403482 shares traded. The stock had previously closed at C$6.10.

Analysts Set New Price Targets

TF has been the subject of a number of research reports. TD decreased their target price on Timbercreek Financial from C$7.00 to C$6.50 and set a “hold” rating for the company in a report on Friday, July 31st. Canaccord Genuity Group cut their price target on shares of Timbercreek Financial from C$6.75 to C$6.25 and set a “hold” rating on the stock in a report on Thursday, July 30th. National Bank Financial reduced their price target on shares of Timbercreek Financial from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Finally, Raymond James Financial decreased their price objective on shares of Timbercreek Financial from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$6.62.

Timbercreek Financial Stock Down 0.2%

The firm has a 50-day simple moving average of C$6.30 and a 200 day simple moving average of C$6.59. The company has a market capitalization of C$494.04 million, a PE ratio of 19.26 and a beta of 0.81. The company has a debt-to-equity ratio of 232.22, a current ratio of 1.84 and a quick ratio of 145.00.

Timbercreek Financial (TSE:TF) last issued its earnings results on Wednesday, July 29th. The company reported C$0.18 earnings per share for the quarter. Timbercreek Financial had a return on equity of 3.85% and a net margin of 17.14%.The company had revenue of C$45.12 million during the quarter. On average, research analysts predict that Timbercreek Financial Corp. will post 0.7300725 EPS for the current fiscal year.

Timbercreek Financial Company Profile

Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate professionals. Our sophisticated, service-oriented approach allows us to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, we are able to meet these needs while generating strong risk-adjusted yields for investors.