Home Capital Group Inc (HCG) Receives Average Rating of “Hold” from Brokerages
Shares of Home Capital Group Inc (TSE:HCG) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$17.67.
Several research analysts have recently commented on the stock. National Bank Financial raised shares of Home Capital Group from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$13.00 to C$17.50 in a report on Friday, June 23rd. Scotiabank started coverage on shares of Home Capital Group in a research note on Friday, June 30th. They set a “sector perform” rating and a C$18.00 target price for the company. Industrial Alliance Securities boosted 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, June 21st. Raymond James Financial, Inc. boosted their target price on shares of Home Capital Group from C$10.00 to C$17.50 and gave the company a “market perform” rating in a research note on Wednesday, June 21st. Finally, TD Securities boosted their target price on shares of Home Capital Group from C$18.00 to C$19.00 and gave the company a “speculative buy” rating in a research note on Thursday, June 22nd.
TRADEMARK VIOLATION WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/11/home-capital-group-inc-hcg-receives-average-rating-of-hold-from-brokerages.html.
Shares of Home Capital Group (HCG) opened at 13.94 on Wednesday. Home Capital Group has a 52 week low of $5.06 and a 52 week high of $32.26. The firm has a market cap of $1.12 billion and a P/E ratio of 14.24. The stock’s 50 day moving average is $13.71 and its 200 day moving average is $14.30.
In related news, Director Alan Roy Hibben purchased 4,000 shares of Home Capital Group stock in a transaction dated Friday, September 22nd. The stock was bought at an average cost of C$13.93 per share, with a total value of C$55,720.00.
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.
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.