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TRI Pointe Group Inc (NYSE:TPH) target price raised to $17.00, reported today by Wedbush

Displaying a price of $12.55, TRI Pointe Group Inc (NYSE:TPH) traded 1.37% higher on the day. The last stock price is up 2.20% from the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the date range. TPH has registered a 50-day moving average of $13.41 and two hundred day average of $12.28. 1,081,996 shares of the stock traded, down from ann average volume of 1,548,070

Wedbush upped the price target of TRI Pointe Group Inc (NYSE:TPH) to $17, stating a possible upside of 0.35%,

On 4/28/2016, FBR Capital reported on TRI Pointe Group Inc(NYSE:TPH) raised the target price from $13.00 to $15.00 that indicated a possible upside of 0.23%.

See Chart Below:

TRI Pointe Group Inc (NYSE:TPH)

In addition to Wedbush reporting it’s target price, a total of 8 brokers have issued a ratings update on TRI Pointe Group Inc. The one year target stock price is $15.06 with five firms rating the company a strong buy, four analysts rating the stock a buy, one firm rating the stock a hold, 0 rating the company to underperform, and finally 0 firms rating the stock as sell.

TRI Pointe Group Inc has a P/E of 9 with a 52 week low of $8.83 and a one-year high of $14.60 and has a market capitalization of $0.0.

About TRI Pointe Group Inc (NYSE:TPH)

TRI Pointe Group, Inc. is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, and consisting of operations in Maryland and Virginia. Its financial services operation includes mortgage financing operations and title services operations. The Company’s mortgage financing operation (TRI Pointe Connect) provides mortgage financing to its homebuyers in all of its operated markets. Its title services operation (TRI Pointe Assurance) provides title examinations for its homebuyers in its Trendmaker Homes and Winchester Homes brands.

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