The Globe and Mail reports in its Friday, Aug. 1, edition that TD Cowen analyst Graham Ryding is sticking with his "hold" recommendation for Timbercreek Financial. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ryding gave his share target a 50-cent boost to $8. Analysts on average target the shares at $8.06. Mr. Ryding says in a note: "Timbercreek reported Q2/25 earnings that were below our estimates and consensus. Revenue missed expectations and PCLs were above our forecast. Offsetting however, in our view, is a notable improvement in Stage 2 and 3 loans. We have updated our estimates to reflect a larger portfolio given recent momentum." The Globe reported on April 24 that Canaccord Genuity analyst Zachary Weisbrod had commenced coverage on Timbercreek Financial with a "buy" ranking and an $8 share target. Mr. Weisbrod said in the item, "As the company progresses through reducing credit risk on impaired loans from asset sales and repayments, we expect the valuation to improve materially." The shares could then be had for $6.91.
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