Tricon Residential (TCN) Stock Forecast & Price Target

Tricon Residential - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 1 Analyst Ratings

Sell
0

Hold
1

Buy
0

Consensus Price Target

C$15.16
N/A

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TCN Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$15.16	C$13.11	C$12.39	C$10.10
Forecasted Upside	N/A	-14.56% Downside	-19.21% Downside	-6.74% Downside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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TCN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TCN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tricon Residential Stock vs. The Competition

Type	Tricon Residential	Real Estate Companies
Consensus Rating Score	2.00	2.60
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent TCN News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/5/2024	National Bankshares 1 of 5 stars		Downgrade	Sector Perform ➝ Tender	C$11.00 ➝ C$15.17	+1.61%
1/22/2024	BMO Capital Markets 4 of 5 stars		Downgrade	Outperform ➝ Market Perform	C$12.50 ➝ C$15.15	+2.23%
10/25/2023	National Bank Financial 5 of 5 stars	J. Gloyn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform Under Weight
10/25/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$11.25 ➝ C$9.00	-2.91%
10/18/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$11.00 ➝ C$10.25	+6.88%
2/24/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$6.50 ➝ C$5.75	-48.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:40 PM ET.

TCN Forecast - Frequently Asked Questions

: According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for Tricon Residential is C$15.16, with a high forecast of C$15.17 and a low forecast of C$15.15.
: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tricon Residential in the last twelve months. There is currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCN, but not buy additional shares or sell existing shares.
: According to analysts, Tricon Residential's stock has a predicted upside of ∞ based on their 12-month stock forecasts.
: Analysts like Tricon Residential less than other "real estate" companies. The consensus rating for Tricon Residential is Hold while the average consensus rating for "real estate" companies is Moderate Buy. Learn more on how TCN compares to other companies.

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This page (TSE:TCN) was last updated on 11/23/2024 by MarketBeat.com Staff

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Tricon Residential (TCN) Stock Forecast & Price Target