Home Capital Group (TSE:HCG) Given New C$45.00 Price Target at National Bankshares

Home Capital Group (TSE:HCG – Get Rating) had its target price decreased by investment analysts at National Bankshares from C$49.00 to C$45.00 in a report issued on Tuesday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 39.45% from the company’s current price.

Several other research firms have also weighed in on HCG. Scotiabank reduced their price objective on shares of Home Capital Group from C$50.00 to C$47.00 in a research report on Tuesday. BMO Capital Markets restated a “buy” rating and set a C$51.00 price objective on shares of Home Capital Group in a research report on Friday, February 18th. Royal Bank of Canada raised their price objective on shares of Home Capital Group from C$54.00 to C$56.00 and gave the company an “outperform” rating in a research report on Friday, February 18th. Finally, Raymond James raised their price objective on shares of Home Capital Group from C$48.00 to C$52.00 and gave the company a “market perform” rating in a research report on Friday, February 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$51.86.

HCG traded down C$1.96 on Tuesday, reaching C$32.27. The company had a trading volume of 136,607 shares, compared to its average volume of 256,500. The company has a fifty day moving average of C$37.20 and a 200-day moving average of C$39.13. The company has a market capitalization of C$1.39 billion and a P/E ratio of 6.75. Home Capital Group has a one year low of C$31.02 and a one year high of C$46.92.

Home Capital Group (TSE:HCG – Get Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported C$1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.16 by C($0.10). The firm had revenue of C$134.39 million for the quarter, compared to the consensus estimate of C$137.00 million. Sell-side analysts forecast that Home Capital Group will post 6.25 EPS for the current fiscal year.

In other news, Director Alan Roy Hibben bought 2,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of C$37.55 per share, for a total transaction of C$75,100.00. Following the completion of the acquisition, the director now directly owns 16,800 shares in the company, valued at approximately C$630,840.

Home Capital Group Company Profile (Get Rating)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

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