Brokers Issue Forecasts for Home Capital Group Inc’s FY2019 Earnings (TSE:HCG)

Home Capital Group Inc (TSE:HCG) – Investment analysts at National Bank Financial boosted their FY2019 EPS estimates for shares of Home Capital Group in a research note issued to investors on Wednesday, Zacks Investment Research reports. National Bank Financial analyst J. Gloyn now expects that the company will earn $1.68 per share for the year, up from their previous estimate of $1.55. National Bank Financial has a “Sector Perform” rating and a $15.50 price target on the stock.

A number of other equities research analysts also recently commented on the company. TD Securities lifted their target price on Home Capital Group from C$16.00 to C$17.00 in a report on Thursday, November 16th. Royal Bank Of Canada lifted their price target on Home Capital Group from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 15th. CIBC set a C$17.00 price target on Home Capital Group and gave the company a “neutral” rating in a research report on Monday, September 25th. Laurentian boosted their price objective on Home Capital Group from C$17.00 to C$20.00 in a research report on Wednesday, September 13th. Finally, Laurentian Bank of Canada boosted their price objective on Home Capital Group from C$17.00 to C$20.00 in a research report on Wednesday, September 13th. Eight research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of C$17.67.

Home Capital Group (TSE:HCG) traded up C$0.03 during trading on Friday, hitting C$17.16. The company had a trading volume of 429,146 shares, compared to its average volume of 1,118,834. Home Capital Group has a 12-month low of C$5.06 and a 12-month high of C$32.26.

In related news, Director Alan Roy Hibben purchased 3,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of C$15.25 per share, for a total transaction of C$45,750.00. Also, insider Bradley William Kotush purchased 13,500 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of C$15.09 per share, for a total transaction of C$203,715.00. Insiders have acquired 26,000 shares of company stock worth $394,280 in the last three months.

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About Home Capital Group

Home Capital Group Inc is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.

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Earnings History and Estimates for Home Capital Group (TSE:HCG)

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