Timbercreek Financial (TSE:TF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Timbercreek Financial Corp. (TSE:TF)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$6.94 and traded as low as C$6.64. Timbercreek Financial shares last traded at C$6.74, with a volume of 137,029 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on TF. National Bank Financial dropped their target price on Timbercreek Financial from C$8.25 to C$8.00 and set a “sector perform” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group lowered Timbercreek Financial from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$7.75 to C$7.30 in a report on Friday, February 27th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$7.77.

Timbercreek Financial Stock Performance

The firm’s 50 day moving average price is C$6.94 and its two-hundred day moving average price is C$7.00. The firm has a market cap of C$557.76 million, a PE ratio of 16.05 and a beta of 0.92. The company has a debt-to-equity ratio of 197.35, a quick ratio of 145.00 and a current ratio of 0.25.

About Timbercreek Financial

Timbercreek Financial Corp is a Canada-based non-banking commercial real estate lender. The company provides shorter-duration, customized financing solutions to professional real estate investors. It invests directly in a diversified portfolio of structured mortgage loans primarily secured by stabilized, income-producing commercial real estates, such as multi-residential, office and retail buildings located in urban markets across Canada. The company’s strategy is to preserve investor capital by lending mainly against income producing real estate, mitigate concentration risk by diversifying geographically by asset type and borrower and ensure loan to value ratios.