In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, Tricon Capital (TSX: TCN). Analyst Mark Rothschild from Canaccord Genuity rated Tricon Capital (TSX: TCN) a Buy, setting a C$13.50 price target.
Rothschild has an average return of 5.6% when recommending Tricon Capital.
According to TipRanks.com, Rothschild is ranked #352 out of 4824 analysts.
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Currently, the analyst consensus on Tricon Capital is a Strong Buy with an average price target of C$13.19, which is a 18.6% upside from current levels. In a report issued on June 28, Scotiabank also reiterated a Buy rating on the stock with a C$12.75 price target.
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Tricon Capital’s market cap is currently C$1.49B and has a P/E ratio of 7.3. The company has a Price to Book ratio of 1.14.
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 Tuesday at C$11.12.
