Home Capital Group Inc (HCG) Given Consensus Rating of “Hold” by Analysts
Shares of Home Capital Group Inc (TSE:HCG) have received an average recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$17.67.
HCG has been the subject of several recent research reports. Laurentian upped their price target on Home Capital Group from C$17.00 to C$20.00 in a report on Wednesday, September 13th. TD Securities increased their target price on Home Capital Group from C$16.00 to C$17.00 in a report on Thursday, November 16th. Royal Bank of Canada increased their target price on Home Capital Group from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. National Bank Financial increased their target price on Home Capital Group from C$14.50 to C$15.50 and gave the stock a “sector perform” rating in a report on Wednesday, November 15th. Finally, Laurentian Bank of Canada increased their price target on Home Capital Group from C$17.00 to C$20.00 in a research report on Wednesday, September 13th.
In other news, Director James Lisson purchased 5,000 shares of the company’s stock in a transaction on Thursday, November 23rd. The shares were purchased at an average price of C$16.20 per share, with a total value of C$81,000.00. Also, insider Bradley William Kotush purchased 13,500 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was purchased at an average cost of C$15.09 per share, for a total transaction of C$203,715.00. In the last three months, insiders bought 22,000 shares of company stock worth $338,560.
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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.
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