Home Capital Group (HCG) Price Target Cut to C$20.00

Home Capital Group (TSE:HCG) had its price objective decreased by equities researchers at TD Securities from C$21.00 to C$20.00 in a report released on Wednesday, May 9th. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 44.20% from the company’s current price.

HCG has been the subject of several other research reports. BMO Capital Markets reissued a “market perform” rating and issued a C$15.50 price target on shares of Home Capital Group in a research report on Tuesday, April 10th. Royal Bank of Canada raised their price target on shares of Home Capital Group from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. National Bank Financial raised their price target 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 report on Thursday, February 15th. Raymond James raised their price target 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 report on Friday, February 16th. Finally, Scotiabank lifted their price objective on shares of Home Capital Group from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$18.20.

Shares of Home Capital Group opened at C$13.87 on Wednesday, Marketbeat Ratings reports. Home Capital Group has a 52 week low of C$8.75 and a 52 week high of C$20.75.

Home Capital Group (TSE:HCG) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.38 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.38. Home Capital Group had a net margin of 27.90% and a return on equity of 6.83%. The company had revenue of C$109.46 million during the quarter, compared to analysts’ expectations of C$99.60 million.

In related news, insider Bradley William Kotush purchased 3,000 shares of Home Capital Group stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of C$14.86 per share, with a total value of C$44,580.00. Also, Director James Lisson purchased 7,500 shares of Home Capital Group stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average cost of C$15.21 per share, with a total value of C$114,075.00.

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.

Analyst Recommendations for Home Capital Group (TSE:HCG)

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