Home Capital Group Inc (HCG) Receives C$34.14 Average Target Price from Analysts
Shares of Home Capital Group Inc (TSE:HCG) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$34.14.
HCG has been the subject of several recent analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$36.00 price objective on shares of Home Capital Group in a report on Thursday, August 25th. Royal Bank Of Canada cut their target price on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday, October 6th. RBC Capital Markets cut their target price on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday, October 6th. Cormark raised shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research note on Monday, July 18th. Finally, TD Securities cut 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 research note on Thursday, July 28th.
Shares of Home Capital Group (TSE:HCG) opened at 24.57 on Friday. The stock’s 50 day moving average is $27.80 and its 200 day moving average is $31.63. Home Capital Group has a 52 week low of $22.87 and a 52 week high of $39.84. The stock has a market capitalization of $1.62 billion and a PE ratio of 6.23.
In related news, Director John M. Marsh sold 36,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total value 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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