Home Capital Group Inc (TSE:HCG) Receives C$34.14 Average Price Target from Brokerages
Home Capital Group Inc (TSE:HCG) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the stock. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$34.14.
Several equities analysts recently commented on HCG shares. RBC Capital Markets dropped their price target on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Thursday. Cormark upgraded shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research note on Monday, July 18th. Royal Bank Of Canada decreased their price objective on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday. Scotiabank reiterated a “sector perform” rating and set a C$40.00 price objective on shares of Home Capital Group in a research note on Thursday, July 28th. Finally, National Bank Financial decreased their price objective on shares of Home Capital Group from C$38.00 to C$35.00 in a research note on Monday, July 25th.
Shares of Home Capital Group (TSE:HCG) opened at 24.65 on Friday. The firm has a market capitalization of $1.62 billion and a price-to-earnings ratio of 6.25. Home Capital Group has a 52 week low of $22.87 and a 52 week high of $39.84. The company’s 50-day moving average is $27.90 and its 200 day moving average is $31.76.
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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