Home Capital Group Research Coverage Started at LB Securities (HCG)
Equities research analysts at LB Securities assumed coverage on shares of Home Capital Group (TSE:HCG) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a C$63.00 price target on the stock. LB Securities’ price objective would suggest a potential upside of 15.64% from the stock’s previous close.
Shares of Home Capital Group (TSE:HCG) traded up 1.12% on Tuesday, hitting $55.09. 31,297 shares of the company’s stock traded hands. Home Capital Group has a 1-year low of $30.80 and a 1-year high of $55.94. The stock has a 50-day moving average of $50.82 and a 200-day moving average of $46.5. The company has a market cap of $3.860 billion and a price-to-earnings ratio of 13.59.
Home Capital Group (TSE:HCG) last released its earnings data on Friday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Analysts expect that Home Capital Group will post $4.24 EPS for the current fiscal year.
The company also recently announced a Quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Monday, September 1st will be paid a dividend of $0.18 per share. This represents a dividend yield of 1.39%. The ex-dividend date is Thursday, August 7th.
A number of other firms have also recently commented on HCG. Analysts at National Bank Financial raised their price target on shares of Home Capital Group from C$51.00 to C$55.00 in a research note on Friday, August 1st. They now have a “sector perform” rating on the stock. Separately, analysts at Cormark upgraded shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research note on Friday, August 1st. Finally, analysts at TD Securities raised their price target on shares of Home Capital Group from C$54.00 to C$58.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$62.22.
Home Capital Group Inc (TSE:HCG) is a Canada-based holding company.
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