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RBC Capital Keeps a Buy Rating on Tricon Capital


Tricon Capital (TSX: TCN), the Financial sector company, has received a rating update from a Wall Street analyst on July 11. The company received a Buy on July 11 from RBC Capital’s analyst Geoffrey Kwan, with a C$14 price target.

According to TipRanks.com, Kwan is ranked #2482 out of 4842 analysts.

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Tricon Capital has an analyst consensus of Strong Buy, with a price target consensus of C$13.31, representing a 24.7% upside. In a report issued on July 3, Canaccord Genuity also maintained a Buy rating on the stock with a C$13.50 price target.

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Tricon Capital’s market cap is currently C$1.43B and has a P/E ratio of 7.1. The company has a Price to Book ratio of 1.09.

Tricon Capital Group, Inc. is a residential real estate investment company. It operates through the following segments: Private Funds and Advisory; Tricon Housing Partners; Tricon American Homes; Tricon Lifestyle Rentals; and Tricon Lifestyle Communities.

The company’s shares closed on Friday at C$10.67.