Tricon Residential (TCN – Research Report), was revisited on June 15, and remains undervalued for at least one analyst on the street. The NA sector company, Tricon Residential (TSX: TCN) has received a rating update from a Wall Street analyst on June 15.
According to TipRanks.com, Heffern is ranked #374 out of 8414 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tricon Residential with a C$13.71 average price target, a 17.6% upside from current levels. In a report released yesterday, Citi also reiterated a Buy rating on the stock with a $10.50 price target.
The company has a one-year high of C$15.70 and a one-year low of C$9.83. Currently, Tricon Residential has an average volume of 543K.
Tricon Residential Inc is a rental housing company focused on serving the middle-market demographic. The company operates under five reportable segments: Tricon American Homes, Tricon Lifestyle Rentals U.S., Tricon Lifestyle Rentals Canada, Tricon Housing Partners, and Private Funds and Advisory. Tricon owns and operates approximately 30,000 single-family rental homes and multi-family rental units in around 21 markets across the United States and Canada, managed with an integrated technology-enabled operating platform.
The company’s shares closed last Friday at C$11.64.
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