Home Capital Group Inc (HCG) Price Target Lowered to C$28.00 at Royal Bank Of Canada
Home Capital Group Inc (TSE:HCG) had its price target reduced by Royal Bank Of Canada from C$33.00 to C$28.00 in a report issued on Thursday. Royal Bank Of Canada currently has a sector perform rating on the stock.
Several other equities research analysts have also commented on HCG. TD Securities lowered their price target on shares of Home Capital Group from C$45.00 to C$40.00 and set a buy rating on the stock in a report on Thursday, July 28th. National Bank Financial lowered their price target on shares of Home Capital Group from C$35.00 to C$31.00 in a report on Sunday, July 31st. RBC Capital Markets lowered their price target on shares of Home Capital Group from C$35.00 to C$33.00 in a report on Thursday, July 28th. Scotiabank reiterated a sector perform rating and issued a C$36.00 price objective on shares of Home Capital Group in a research report on Thursday, August 25th. Finally, Cormark upgraded shares of Home Capital Group from a market perform rating to a buy rating in a research report on Monday, July 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of C$34.14.
Home Capital Group (TSE:HCG) traded down 5.29% on Thursday, reaching $24.00. The company had a trading volume of 324,792 shares. The firm has a market capitalization of $1.58 billion and a P/E ratio of 6.08. The company’s 50-day moving average price is $28.01 and its 200 day moving average price is $31.85. Home Capital Group has a 1-year low of $22.87 and a 1-year high of $39.84.
In related news, Director John M. Marsh sold 36,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total transaction of C$1,062,000.00.
About Home Capital Group
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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