Home Capital Group Inc (HCG) Receives C$32.63 Average PT from Brokerages
Home Capital Group Inc (TSE:HCG) has earned an average rating of “Buy” from the nine research firms that are presently covering the stock. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$32.63.
Several brokerages have recently issued reports on HCG. TD Securities reduced their price target on shares of Home Capital Group from C$37.00 to C$33.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Scotiabank reissued a “sector perform” rating and set a C$32.00 price target on shares of Home Capital Group in a research report on Thursday, November 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a C$27.00 price target on shares of Home Capital Group in a research report on Thursday, November 3rd. Raymond James Financial Inc. reissued an “outperform” rating and set a C$35.00 price target on shares of Home Capital Group in a research report on Friday, October 28th. Finally, RBC Capital Markets reduced their target price on shares of Home Capital Group from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a report on Friday, October 21st.
Shares of Home Capital Group (TSE:HCG) opened at 26.23 on Friday. The company has a market capitalization of $1.72 billion and a PE ratio of 6.65. The company has a 50 day moving average price of $26.08 and a 200 day moving average price of $29.89. Home Capital Group has a 52 week low of $22.87 and a 52 week high of $39.84.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, December 1st will be paid a $0.26 dividend. This is a positive change from Home Capital Group’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 3.96%. The ex-dividend date is Thursday, November 10th.
In other Home Capital Group news, Director John M. Marsh sold 36,000 shares of the stock in a transaction that occurred 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.
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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