Royal Bank of Canada Cuts Tricon Capital Group (TSE:TCN) Price Target to C$13.00

Tricon Capital Group (TSE:TCN) had its target price trimmed by Royal Bank of Canada from C$14.00 to C$13.00 in a research report report published on Monday morning, BayStreet.CA reports.

Separately, TD Securities downgraded Tricon Capital Group from an action list buy rating to a buy rating and cut their target price for the company from C$14.50 to C$13.50 in a research report on Thursday, May 9th.

TSE:TCN opened at C$9.98 on Monday. The firm’s fifty day moving average is C$10.23. The company has a market cap of $1.95 billion and a P/E ratio of 9.95. The company has a current ratio of 1.80, a quick ratio of 1.42 and a debt-to-equity ratio of 36.14. Tricon Capital Group has a fifty-two week low of C$9.33 and a fifty-two week high of C$11.88.

Tricon Capital Group (TSE:TCN) last released its earnings results on Tuesday, May 7th. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.09 by C$0.22. The company had revenue of C$77.99 million for the quarter. On average, analysts expect that Tricon Capital Group will post 0.8799999 EPS for the current fiscal year.

Tricon Capital Group Company Profile

Tricon Capital Group Inc is a principal investor and asset manager focused on the residential real estate industry in North America. The firm owns and manages on behalf of third-party investors a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family development projects.

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