Tricon Capital Group’s (TCN) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Several other brokerages have also recently weighed in on TCN. Canaccord Genuity reaffirmed a buy rating and issued a C$12.00 target price on shares of Tricon Capital Group in a report on Friday, August 12th. TD Securities increased their price target on shares of Tricon Capital Group from C$11.50 to C$12.00 and gave the company a buy rating in a research note on Friday, August 12th. Finally, National Bank Financial reiterated an outperform rating and issued a C$13.00 price target on shares of Tricon Capital Group in a research note on Thursday, August 25th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Tricon Capital Group presently has an average rating of Buy and an average target price of C$12.50.
Shares of Tricon Capital Group (TSE:TCN) opened at 9.69 on Wednesday. The firm has a market capitalization of $1.09 billion and a PE ratio of 15.24. Tricon Capital Group has a 1-year low of $7.53 and a 1-year high of $10.34. The company has a 50-day moving average of $8.95 and a 200-day moving average of $9.14.
Tricon Capital Group Company Profile
Tricon Capital Group Inc is an asset manager and principal investor focused on the residential real estate industry. The Company operates through five segments. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts and sidecars.
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