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Tricon Residential (TCN) Stock Forecast & Price Target

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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

Sell
0
Hold
1
Buy
0

Consensus Price Target

C$15.16
N/A
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TCN Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
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 TargetC$15.16C$13.11C$12.39C$10.10
Forecasted UpsideN/A-14.56% Downside-19.21% Downside-7.51% Downside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
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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.
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Tricon Residential Stock vs. The Competition

TypeTricon ResidentialReal Estate Companies
Consensus Rating Score
2.00
2.60
Consensus RatingHoldModerate Buy
News Sentiment Rating
Neutral News

See Recent TCN News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/5/2024National Bankshares
1 of 5 stars
 DowngradeSector Perform ➝ TenderC$11.00 ➝ C$15.17+1.61%
1/22/2024BMO Capital Markets
4 of 5 stars
 DowngradeOutperform ➝ Market PerformC$12.50 ➝ C$15.15+2.23%
10/25/2023National Bank Financial
5 of 5 stars
J. Gloyn
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingSector Perform Under Weight
10/25/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$11.25 ➝ C$9.00-2.91%
10/18/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSector PerformC$11.00 ➝ C$10.25+6.88%
2/24/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetC$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 Thursday at 10:38 AM 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 equities research 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 equities research 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.


This page (TSE:TCN) was last updated on 11/21/2024 by MarketBeat.com Staff
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