Home Capital Group Inc (HCG) Upgraded to “Sector Perform” by National Bank Financial
Home Capital Group Inc (TSE:HCG) was upgraded by investment analysts at National Bank Financial from an “underperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday. The firm presently has a C$17.50 target price on the stock, up from their previous target price of C$13.00. National Bank Financial’s price objective would indicate a potential downside of 7.89% from the stock’s previous close.
HCG has been the topic of several other research reports. TD Securities raised shares of Home Capital Group from a “hold” rating to a “speculative buy” rating and reduced their target price for the company from C$23.00 to C$15.00 in a research note on Thursday, April 27th. Industrial Alliance Securities raised their target price on shares of Home Capital Group from C$10.50 to C$19.00 and gave the company a “speculative buy” rating in a research note on Wednesday. Scotiabank reaffirmed a “sector perform” rating and issued a C$27.00 target price on shares of Home Capital Group in a research note on Tuesday, March 28th. Royal Bank Of Canada raised shares of Home Capital Group from an “underperform” rating to a “sector perform” rating and raised their target price for the company from C$8.00 to C$14.00 in a research note on Thursday, June 15th. Finally, Raymond James Financial, Inc. reduced their target price on shares of Home Capital Group from C$23.00 to C$10.00 and set a “market perform” rating on the stock in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Home Capital Group currently has an average rating of “Hold” and a consensus price target of C$18.00.
Home Capital Group (HCG) traded down 1.89% during mid-day trading on Friday, hitting $18.64. 3,617,485 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $9.79 and a 200 day moving average of $22.45. Home Capital Group has a 52 week low of $5.06 and a 52 week high of $33.01. The stock has a market capitalization of $1.20 billion and a P/E ratio of 5.05.
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.
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