Is Buying GMP Capital Inc. Here a Winning Strategy?

 Is Buying GMP Capital Inc. Here a Winning Strategy?

The stock of GMP Capital Inc. (TSE:GMP) is a huge mover today! About 27,356 shares traded hands. GMP Capital Inc. (TSE:GMP) has declined 16.46% since April 11, 2016 and is downtrending. It has underperformed by 20.38% the S&P500.
The move comes after 6 months positive chart setup for the $309.10 million company. It was reported on Nov, 15 by Barchart.com. We have $11.34 PT which if reached, will make TSE:GMP worth $531.65M more.

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. GMP Capital has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, November 3 by Scotia Capital. Scotia Capital maintained GMP Capital Inc. (TSE:GMP) rating on Monday, August 10. Scotia Capital has “Sector Perform” rating and $5.50 price target.

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 $309.10 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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