The stock of TIMBERCREEK FINANCIAL CORP (TSE:TF) hit a new 52-week high and has $9.34 target or 7.00% above today’s $8.73 share price. The 8 months bullish chart indicates low risk for the $642.57 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $9.34 price target is reached, the company will be worth $44.98M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,354 shares traded hands. TIMBERCREEK FINANCIAL CORP (TSE:TF) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.
TIMBERCREEK FINANCIAL CORP (TSE:TF) Ratings Coverage
Out of 2 analysts covering Timbercreek Financial (TSE:TF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $9 is the highest target while $9 is the lowest. The $9 average target is 3.09% above today’s ($8.73) stock price. Timbercreek Financial has been the topic of 2 analyst reports since November 11, 2016 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, November 11 by TD Securities. The rating was maintained by National Bank Canada on Wednesday, November 16 with “Outperform”.
Another recent and important TIMBERCREEK FINANCIAL CORP (TSE:TF) news was published by Marketwatch.com which published an article titled: “Timbercreek Financial Corp. Completes $40 Million Bought Offering of …” on July 29, 2016.
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