Canaccord Genuity Sticks to Their Buy Rating for Tricon Capital (TCN)

By Carrie Williams

Tricon Capital (TSX: TCN), the Financial sector company, was revisited by a Wall Street analyst on August 10. Analyst Mark Rothschild from Canaccord Genuity reiterated a Buy rating, with a C$14.25 price target on August 10.

Rothschild has an average return of 7.6% when recommending Tricon Capital.

According to TipRanks.com, Rothschild is ranked #344 out of 4848 analysts.

Currently, the analyst consensus on Tricon Capital is a Strong Buy with an average price target of C$13.80, which is a 19.6% upside from current levels. In a report issued on August 9, BMO Capital also reiterated a Buy rating on the stock with a C$13.50 price target.

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The company has a one-year high of C$11.70 and a one-year low of C$9.57. Currently, Tricon Capital has an average volume of 243.3K.

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$11.54, close to its 52-week high of C$11.70.