Home Capital Group (TSE:HCG) Price Target Lowered to C$46.00 at Royal Bank of Canada

Home Capital Group (TSE:HCG – Get Rating) had its price target lowered by Royal Bank of Canada from C$50.00 to C$46.00 in a report published on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

HCG has been the topic of several other reports. Raymond James raised their target price on Home Capital Group from C$48.00 to C$52.00 and gave the stock a market perform rating in a report on Friday, February 18th. TD Securities dropped their price objective on shares of Home Capital Group from C$50.00 to C$47.00 and set a buy rating on the stock in a research note on Thursday. Scotiabank cut their target price on shares of Home Capital Group from C$47.00 to C$43.00 in a report on Thursday. National Bankshares lowered their price target on shares of Home Capital Group from C$45.00 to C$38.00 and set an outperform rating on the stock in a report on Thursday. Finally, BMO Capital Markets cut their price objective on shares of Home Capital Group from C$51.00 to C$44.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Buy and a consensus target price of C$46.43.

HCG stock opened at C$27.99 on Thursday. The company has a market capitalization of C$1.20 billion and a P/E ratio of 5.86. Home Capital Group has a 12 month low of C$27.85 and a 12 month high of C$46.92. The firm’s fifty day simple moving average is C$36.15 and its 200-day simple moving average is C$38.79.

Home Capital Group (TSE:HCG – Get Rating) last posted its quarterly earnings results on Thursday, February 17th. The company reported C$1.06 EPS for the quarter, missing the consensus estimate of C$1.16 by C($0.10). The business had revenue of C$134.39 million for the quarter, compared to the consensus estimate of C$137.00 million. As a group, equities analysts forecast that Home Capital Group will post 6.1300006 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 30th. This represents a $0.60 dividend on an annualized basis and a yield of 2.14%.

In related news, Director Alan Roy Hibben acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average cost of C$37.55 per share, with a total value 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.

About Home Capital Group (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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