Home Capital Group Inc (HCG) Raised to Sector Perform at Royal Bank Of Canada
Home Capital Group Inc (TSE:HCG) was upgraded by investment analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a research note issued on Thursday, StockTargetPrices.com reports. The firm currently has a C$14.00 price objective on the stock, up from their prior price objective of C$8.00. Royal Bank Of Canada’s target price points to a potential upside of 15.42% from the stock’s previous close.
Other research analysts have also recently issued research reports about the stock. TD Securities dropped their price target on shares of Home Capital Group from C$33.00 to C$23.00 and set a “hold” rating on the stock in a research note on Friday, April 21st. Raymond James Financial, Inc. downgraded shares of Home Capital Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$34.00 to C$23.00 in a research report on Thursday, April 20th. Macquarie downgraded shares of Home Capital Group from an “outperform” rating to a “neutral” rating in a research report on Monday, May 15th. Scotiabank restated a “sector perform” rating and set a C$28.00 price objective on shares of Home Capital Group in a research report on Friday, April 21st. Finally, National Bank Financial decreased their price objective on shares of Home Capital Group from C$27.00 to C$23.00 and set an “underperform” rating on the stock in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$16.60.
Shares of Home Capital Group (TSE:HCG) traded up 12.53% during midday trading on Thursday, reaching $13.65. 2,649,041 shares of the company’s stock were exchanged. The stock has a market cap of $876.37 million and a price-to-earnings ratio of 3.70. Home Capital Group has a one year low of $5.06 and a one year high of $33.01. The firm has a 50 day moving average of $8.95 and a 200-day moving average of $22.95.
ILLEGAL ACTIVITY WARNING: “Home Capital Group Inc (HCG) Raised to Sector Perform at Royal Bank Of Canada” was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/06/15/home-capital-group-inc-hcg-raised-to-sector-perform-at-royal-bank-of-canada.html.
Home Capital Group Company Profile
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.
Receive News & Ratings for Home Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.