Home Capital Group Inc (HCG) Price Target Cut to C$28.00 by Analysts at RBC Capital Markets
Home Capital Group Inc (TSE:HCG) had its price objective decreased by RBC Capital Markets from C$33.00 to C$28.00 in a report released on Thursday morning. RBC Capital Markets currently has a sector perform rating on the stock.
A number of other equities research analysts also recently issued reports on HCG. Scotiabank restated a sector perform rating and issued a C$36.00 target price on shares of Home Capital Group in a report on Thursday, August 25th. Cormark upgraded shares of Home Capital Group from a market perform rating to a buy rating in a report on Monday, July 18th. TD Securities lowered their target price on shares of Home Capital Group from C$45.00 to C$40.00 and set a buy rating for the company in a report on Thursday, July 28th. National Bank Financial lowered their target price on shares of Home Capital Group from C$38.00 to C$35.00 in a report on Monday, July 25th. Finally, Royal Bank Of Canada lowered their target price on shares of Home Capital Group from C$35.00 to C$33.00 in a report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of C$34.14.
Shares of Home Capital Group (TSE:HCG) traded down 5.29% during midday trading on Thursday, hitting $24.00. 324,792 shares of the stock were exchanged. The firm has a 50 day moving average of $28.01 and a 200 day moving average of $31.85. Home Capital Group has a 12-month low of $22.87 and a 12-month high of $39.84. The firm has a market cap of $1.58 billion and a P/E ratio of 6.08.
In other news, Director John M. Marsh sold 36,000 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total value of C$1,062,000.00.
Home Capital Group Company Profile
Home Capital Group Inc is a Canada-based holding company, which operates primarily through its subsidiary, Home Trust Company (Home Trust). The Company, through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products.
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