Wells Fargo & Co downgraded shares of TCG BDC (NASDAQ:CGBD) from an equal weight rating to an underweight rating in a research note published on Tuesday morning, BenzingaRatingsTable reports. They currently have $14.00 price objective on the stock, down from their prior price objective of $14.75.
Separately, Zacks Investment Research raised TCG BDC from a sell rating to a hold rating in a research note on Wednesday, February 5th.
TCG BDC stock opened at $13.74 on Tuesday. The stock has a market capitalization of $809.07 million, a PE ratio of 25.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.87. TCG BDC has a 12 month low of $13.14 and a 12 month high of $15.56. The business has a 50 day simple moving average of $13.85 and a 200-day simple moving average of $14.05. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.57 and a quick ratio of 1.57.
About TCG BDC
TCG BDC, Inc is a non-diversified closed-end investment company. The fund operates as a business development company. The company provides debt investments in the U.S. middle market companies. It also invests in first lien and second lien senior secured loans; middle market junior loans, such as corporate mezzanine loans, equity co-investments, syndicated first lien and second lien senior secured loans, high-yield bonds, structured finance obligations, and other opportunistic investments.
Further Reading: What is the S&P/TSX Index?
Receive News & Ratings for TCG BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCG BDC and related companies with MarketBeat.com's FREE daily email newsletter.