Is Buying Tricon Capital Group Inc Here a Winning Strategy?

 Is Buying Tricon Capital Group Inc Here a Winning Strategy?

The stock of Tricon Capital Group Inc (TSE:TCN) is a huge mover today! About 61,507 shares traded hands. Tricon Capital Group Inc (TSE:TCN) has declined 2.16% since March 30, 2016 and is downtrending. It has underperformed by 3.38% the S&P500.
The move comes after 7 months positive chart setup for the $963.64M company. It was reported on Nov, 3 by Barchart.com. We have $12.40 PT which if reached, will make TSE:TCN worth $404.73 million more.

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 46.62% above today’s ($8.73) stock price. Tricon Capital Group has been the topic of 15 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Wednesday, June 1 by RBC Capital Markets. RBC Capital Markets maintained Tricon Capital Group Inc (TSE:TCN) on Wednesday, November 25 with “Outperform” rating. RBC Capital Markets maintained Tricon Capital Group Inc (TSE:TCN) on Thursday, February 25 with “Outperform” rating. The stock of Tricon Capital Group Inc (TSE:TCN) has “Outperform” rating given on Wednesday, August 31 by RBC Capital Markets. The stock has “Sector Outperform” rating given by IBC on Wednesday, August 19. The stock has “Outperform” rating given by National Bank Canada on Tuesday, August 25. 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 on Thursday, October 1 with “Outperform”. Canaccord Genuity maintained the stock with “Buy” rating in Monday, August 15 report.

More news for Tricon Capital Group Inc (TSE:TCN) were recently published by: Prnewswire.com, which released: “Houston-Based Johnson Development, Tricon Capital Group Acquire McKinney …” on July 21, 2016. Bloomberg.com‘s article titled: “Tricon Targets Upscale Mobile Home Parks in US Bet” and published on March 25, 2014 is yet another important article.

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 $963.64 million. The Firm operates through five divisions. It has a 9.64 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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