Tricon Capital Group Inc Stock Is Crashing Now

 Tricon Capital Group Inc Stock Is Crashing Now

The stock of Tricon Capital Group Inc (TSE:TCN) is a huge mover today! About 55,253 shares traded hands. Tricon Capital Group Inc (TSE:TCN) has declined 3.60% since April 1, 2016 and is downtrending. It has underperformed by 5.56% the S&P500.
The move comes after 7 months negative chart setup for the $938.25M company. It was reported on Nov, 7 by Barchart.com. We have $7.91 PT which if reached, will make TSE:TCN worth $65.68M 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 50.59% above today’s ($8.5) stock price. Tricon Capital Group has been the topic of 15 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Tuesday, August 25 the stock rating was maintained by National Bank Canada with “Outperform”. IBC reinitiated Tricon Capital Group Inc (TSE:TCN) rating on Wednesday, August 19. IBC has “Sector Outperform” rating and $13 price target. The stock of Tricon Capital Group Inc (TSE:TCN) earned “Outperform” rating by RBC Capital Markets on Thursday, February 25. The firm earned “Buy” rating on Wednesday, August 19 by TD Securities. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, January 27. On Thursday, October 1 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Wednesday, November 25, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the shares of TCN in a report on Wednesday, June 29 with “Outperform” rating. On Monday, August 15 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, June 1.

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 $938.25 million. The Firm operates through five divisions. It has a 9.39 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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