Royal Bank Of Canada Trims Home Capital Group Inc (HCG) Target Price to C$28.00
Home Capital Group Inc (TSE:HCG) had its price objective dropped by research analysts at Royal Bank Of Canada from C$33.00 to C$28.00 in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 7.36% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. National Bank Financial dropped their target price on shares of Home Capital Group from C$35.00 to C$31.00 in a report on Sunday, July 31st. RBC Capital Markets dropped their target price on shares of Home Capital Group from C$35.00 to C$33.00 in a report on Thursday, July 28th. Cormark raised shares of Home Capital Group from a “market perform” rating to a “buy” rating in a report on Monday, July 18th. TD Securities dropped their target price on shares of Home Capital Group from C$45.00 to C$40.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$36.00 target price on shares of Home Capital Group in a report on Thursday, August 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$34.86.
In other news, Director John M. Marsh sold 36,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total transaction of C$1,062,000.00.
Home Capital Group Company Profile
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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