National Bankshares Downgrades Home Capital Group (TSE:HCG) to Tender

Home Capital Group (TSE:HCGGet Rating) was downgraded by National Bankshares from a “sector perform” rating to a “tender” rating in a report issued on Tuesday, BayStreet.CA reports. They currently have a C$44.00 price objective on the stock, up from their prior price objective of C$30.00. National Bankshares’ target price would indicate a potential upside of 3.41% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Scotiabank lifted their price target on Home Capital Group from C$35.00 to C$44.00 in a report on Tuesday. Royal Bank of Canada reduced their price target on Home Capital Group from C$37.00 to C$36.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. TD Securities set a C$43.00 price target on Home Capital Group and gave the stock a “buy” rating in a report on Monday, September 19th. 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. Finally, Raymond James cut their price objective on Home Capital Group from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$43.17.

Home Capital Group Stock Performance

Shares of HCG stock opened at C$42.55 on Tuesday. The stock’s fifty day moving average is C$27.94 and its two-hundred day moving average is C$27.62. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 11.17. Home Capital Group has a fifty-two week low of C$23.82 and a fifty-two week high of C$44.04.

Insider Buying and Selling at Home Capital Group

In other Home Capital Group news, Senior Officer John Hong sold 1,000 shares of Home Capital Group stock in a transaction dated 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 completion of the transaction, the insider now directly owns 646 shares of the company’s stock, valued at approximately C$17,562.80.

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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Analyst Recommendations for Home Capital Group (TSE:HCG)

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