Tricon Residential (TCN – Research Report) has received a rating update from a Wall Street analyst on November 8. Analyst Brad Heffern from RBC Capital remains bullish on the stock and has a $9.50 price target.
According to TipRanks.com, Heffern is ranked #578 out of 8643 analysts.
Currently, the analyst consensus on Tricon Residential is a Moderate Buy with an average price target of C$12.87, which is a 30.7% upside from current levels. In a report issued on November 9, Scotiabank also maintained a Buy rating on the stock with a $10.00 price target.
The company has a one-year high of C$12.55 and a one-year low of C$9.03. Currently, Tricon Residential has an average volume of 517.3K.
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$9.73.
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