The stock of Tricon Capital Group Inc (TSE:TCN) is a huge mover today! About 61,602 shares traded hands. Tricon Capital Group Inc (TSE:TCN) has risen 4.19% since March 10, 2016 and is uptrending. It has underperformed by 1.42% the S&P500.
The move comes after 8 months negative chart setup for the $992.86M company. It was reported on Oct, 17 by Barchart.com. We have $8.24 PT which if reached, will make TSE:TCN worth $69.50 million less.
Tricon Capital Group Inc (TSE:TCN) Ratings Coverage
Out of 4 analysts covering Tricon Capital Group (TSE:TCN), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $14 is the highest target while $11.50 is the lowest. The $12.80 average target is 44.47% above today’s ($8.86) stock price. Tricon Capital Group has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperform” rating given on Wednesday, August 19 by IBC. National Bank Canada maintained Tricon Capital Group Inc (TSE:TCN) rating on Tuesday, August 25. National Bank Canada has “Outperform” rating and $13 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 1. The company was maintained on Thursday, February 25 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, June 29 with “Outperform”. On Wednesday, January 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Tricon Capital Group Inc (TSE:TCN) earned “Buy” rating by TD Securities on Wednesday, August 19. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, June 1. The firm earned “Outperform” rating on Wednesday, August 31 by RBC Capital Markets. As per Wednesday, November 25, the company rating was maintained by RBC Capital Markets.
More important recent Tricon Capital Group Inc (TSE:TCN) news were published by: Reuters.com which released: “BRIEF-Tricon Capital Group prices $363 million securitization” on October 17, 2016, also Reuters.com published article titled: “BRIEF-Tricon Capital Group launches second single-family rental securitiza…”, Prnewswire.com published: “Houston-Based Johnson Development, Tricon Capital Group Acquire McKinney …” on July 21, 2016. More interesting news about Tricon Capital Group Inc (TSE:TCN) was released by: Bizjournals.com and their article: “StreetLights, Tricon Capital begin work on apartments at The Canals at Grand …” with publication date: May 31, 2016.
Tricon Capital Group Inc. is an asset manager and principal investor focused on the residential real estate industry. The company has a market cap of $992.86 million. The Firm operates through five divisions. It has a 9.97 P/E ratio. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts and sidecars.
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