Home Capital Group (TSE:HCG) Price Target Cut to C$36.00

Home Capital Group (TSE:HCGGet Rating) had its target price reduced by investment analysts at Royal Bank of Canada from C$37.00 to C$36.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 32.30% from the company’s current price.

A number of other brokerages have also commented on HCG. BMO Capital Markets increased their price objective on Home Capital Group from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, September 15th. Scotiabank increased their price objective on Home Capital Group from C$37.00 to C$39.00 in a report on Friday, August 5th. National Bankshares lowered their price objective on Home Capital Group from C$31.00 to C$30.00 in a report on Tuesday, October 25th. Raymond James lowered their price objective on Home Capital Group from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, National Bank Financial lowered Home Capital Group from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$40.00.

Home Capital Group Price Performance

HCG opened at C$27.21 on Wednesday. The company has a market capitalization of C$1.03 billion and a PE ratio of 6.49. The business has a 50-day moving average of C$27.27 and a 200-day moving average of C$27.58. Home Capital Group has a fifty-two week low of C$23.82 and a fifty-two week high of C$46.92.

Insider Buying and Selling at Home Capital Group

In other Home Capital Group news, Senior Officer John Hong sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of C$27.19, for a total value of C$27,187.00. Following the sale, the insider now owns 646 shares of the company’s stock, valued at approximately C$17,562.80.

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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