Raymond James Boosts Home Capital Group (HCG) Price Target to C$18.50

Home Capital Group (TSE:HCG) had its price target upped by Raymond James from C$16.00 to C$18.50 in a research note published on Thursday morning. They currently have a market perform rating on the stock.

HCG has been the topic of several other research reports. National Bank Financial cut their price target on Home Capital Group from C$16.50 to C$15.50 and set a sector perform rating on the stock in a research note on Tuesday, October 30th. Royal Bank of Canada upped their price target on Home Capital Group from C$16.00 to C$20.00 and gave the company a sector perform rating in a research note on Thursday. CIBC upped their price target on Home Capital Group from C$16.00 to C$18.00 in a research note on Thursday. BMO Capital Markets reaffirmed a market perform rating and set a C$17.00 price target on shares of Home Capital Group in a research note on Thursday. Finally, TD Securities lowered Home Capital Group from a buy rating to a hold rating and set a C$19.00 price target on the stock. in a research note on Thursday. Six analysts have rated the stock with a hold rating, The stock currently has a consensus rating of Hold and a consensus target price of C$18.43.

Home Capital Group stock opened at C$17.48 on Thursday. Home Capital Group has a 52 week low of C$12.48 and a 52 week high of C$18.63.

Home Capital Group (TSE:HCG) last posted its quarterly earnings data on Monday, August 13th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.01). The business had revenue of C$101.63 million during the quarter, compared to the consensus estimate of C$100.20 million. Analysts anticipate that Home Capital Group will post 1.78536401233622 EPS for the current year.

In other news, insider Bradley William Kotush purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were acquired at an average price of C$14.66 per share, with a total value of C$146,600.00. Also, Director Alan Roy Hibben purchased 2,200 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were purchased at an average cost of C$13.98 per share, for a total transaction of C$30,756.00. Insiders have bought 27,200 shares of company stock worth $396,456 in the last ninety days.

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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