The stock of GMP Capital Inc. (TSE:GMP) is a huge mover today! About 24,417 shares traded hands. GMP Capital Inc. (TSE:GMP) has declined 24.12% since April 21, 2016 and is downtrending. It has underperformed by 29.53% the S&P500.
The move comes after 8 months positive chart setup for the $326.89 million company. It was reported on Nov, 25 by Barchart.com. We have $4.08 PT which if reached, will make TSE:GMP worth $9.81 million 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. $5.50 is the highest target while $5 is the lowest. The $5.13 average target is 29.55% above today’s ($3.96) stock price. GMP Capital has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Scotia Capital on Thursday, November 3. The rating was maintained by Scotia Capital with “Sector Perform” on Monday, August 10.
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 $326.89 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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