Tricon Capital (TCN) Received its Third Buy in a Row

By Ryan Adsit

Tricon Capital (TCNResearch Report) seems to be keeping analysts happy lately, as another research firm gave the stock a Buy rating today. The company received a Buy rating from CIBC’s analyst Dean Wilkinson, with a C$13.75 price target.

According to TipRanks.com, Wilkinson is a 4-star analyst with an average return of 12.2% and a 72.8% success rate. Wilkinson covers the Financial sector, focusing on stocks such as RioCan Real Estate Investment Trust, Artis Real Estate Investment Trust, and Brookfield Property Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tricon Capital with a C$13.33 average price target, a 33.4% upside from current levels. In a report released today, Raymond James also maintained a Buy rating on the stock with a C$13.25 price target.

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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 315.7K.

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; and Tricon Lifestyle Rentals. 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$9.99.