Time to Buy GMP Capital Inc. After Today’s Huge Decline?

 Time to Buy GMP Capital Inc. After Today's Huge Decline?

The stock of GMP Capital Inc. (TSE:GMP) is a huge mover today! About 21,071 shares traded hands. GMP Capital Inc. (TSE:GMP) has declined 2.65% since April 8, 2016 and is downtrending. It has underperformed by 7.63% the S&P500.
The move comes after 6 months negative chart setup for the $338.90 million company. It was reported on Nov, 14 by Barchart.com. We have $3.72 PT which if reached, will make TSE:GMP worth $37.28M less.

GMP Capital Inc. (TSE:GMP) Ratings Coverage

Out of 2 analysts covering GMP Capital (TSE:GMP), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. $5.50 is the highest target while $5 is the lowest. The $5.13 average target is 22.73% above today’s ($4.18) stock price. GMP Capital has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Monday, August 10 by Scotia Capital. The firm earned “Sector Perform” rating on Thursday, November 3 by Scotia Capital.

More news for GMP Capital Inc. (TSE:GMP) were recently published by: Reuters.com, which released: “BRIEF-Gmp Capital Inc responds to speculation regarding its investment in …” on November 11, 2016. Business.Financialpost.com‘s article titled: “GMP Capital Inc to cut 97 jobs, suspend dividend, exit U.K. and Australia” and published on January 13, 2016 is yet another important article.

GMP Capital Inc. is a diversified financial services firm. The company has a market cap of $338.90 million. The Firm provides a range of financial services and products to a client base that includes corporate clients, institutional investors and high-net-worth individuals in two integrated divisions. It currently has negative earnings. The Firm operates in two divisions: Capital Markets and Wealth Management.

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