Home Capital Group (TSE:HCG)‘s stock had its “market perform” rating reiterated by investment analysts at BMO Capital Markets in a report issued on Tuesday, April 10th. They presently have a C$15.50 price target on the stock. BMO Capital Markets’ price target points to a potential upside of 12.97% from the company’s previous close.
Several other analysts also recently commented on the stock. TD Securities upgraded shares of Home Capital Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$17.00 to C$21.00 in a research report on Monday, January 22nd. Raymond James boosted their price objective on shares of Home Capital Group from C$17.50 to C$19.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Scotiabank boosted their price objective on shares of Home Capital Group from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, February 16th. National Bank Financial boosted their price objective on shares of Home Capital Group from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada upped their price target on shares of Home Capital Group from C$19.00 to C$20.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$18.85.
Shares of HCG opened at C$13.72 on Tuesday. Home Capital Group has a 1-year low of C$5.06 and a 1-year high of C$22.42.
Home Capital Group (TSE:HCG) last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.38 EPS for the quarter, hitting the consensus estimate of C$0.38. The company had revenue of C$109.46 million during the quarter, compared to analysts’ expectations of C$99.60 million. Home Capital Group had a net margin of 27.90% and a return on equity of 6.83%.
In other Home Capital Group news, insider Bradley William Kotush purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were purchased at an average price of C$14.86 per share, for a total transaction of C$44,580.00. Also, Director Paul Haggis purchased 5,950 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of C$16.98 per share, for a total transaction of C$101,031.00. Over the last 90 days, insiders acquired 16,450 shares of company stock worth $259,686.
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Home Capital Group Company Profile
Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.
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