Tricon Capital Got Some Good News

By Jason Carr

The Financial sector company, Tricon Capital (TSX: TCN), has received a rating update from a Wall Street analyst today. The company received a Buy rating from TD Securities’ analyst Jonathan Kelcher, with a C$13.50 price target.

According to TipRanks.com, Kelcher is ranked #1568 out of 4771 analysts.

Currently, the analyst consensus on Tricon Capital is Strong Buy and the average price target is C$13.33, representing a 31.1% upside.

In a report issued on April 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$13.50 price target.

Tricon Capital’s market cap is currently C$1.31B and has a P/E ratio of 15.1.

Tricon Capital Group, Inc. operates as a residential real estate investment company. It operates through the following segments: Private Funds and Advisory; and Principal Investing. The company was founded by Geoffrey Matus and David Berman on June 3, 1988 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$10.17.