CIBC Reiterates Their Buy Rating on Tricon Capital (TCN)

By Ryan Adsit

Shares of Tricon Capital (TCNResearch Report) were revisited by a Wall Street analyst yesterday. The company received a Buy rating from CIBC’s analyst Dean Wilkinson, with a C$14 price target.

Wilkinson has an average return of 8.0% when recommending Tricon Capital.

According to TipRanks.com, Wilkinson is ranked #300 out of 5224 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tricon Capital with a C$13.25 average price target.

The company has a one-year high of C$11.88 and a one-year low of C$9.33. Currently, Tricon Capital has an average volume of 240.5K.

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$11.17.