Home Capital Group (HCG) Lifted to “Buy” at TD Securities

Home Capital Group (TSE:HCG) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a C$21.00 price target on the stock, up from their prior price target of C$17.00. TD Securities’ price target suggests a potential upside of 35.57% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on HCG. CIBC set a C$17.00 price objective on Home Capital Group and gave the stock a “neutral” rating in a report on Monday, September 25th. Royal Bank of Canada increased their price objective 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. Finally, National Bank Financial increased their price objective 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. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$18.11.

Home Capital Group (TSE:HCG) traded up C$0.01 on Monday, reaching C$15.49. The company had a trading volume of 137,675 shares, compared to its average volume of 264,633. Home Capital Group has a fifty-two week low of C$5.06 and a fifty-two week high of C$30.54. The company has a market cap of $1,240.00, a price-to-earnings ratio of 45.56 and a beta of 0.60.

Home Capital Group (TSE:HCG) last posted its quarterly earnings results on Tuesday, November 14th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.28 by C$0.09. Home Capital Group had a return on equity of 6.84% and a net margin of 31.43%.

In other news, Director James Lisson bought 5,000 shares of the stock in a transaction dated Thursday, November 23rd. The stock was bought at an average price of C$16.20 per share, for a total transaction of C$81,000.00. Also, insider Bradley William Kotush bought 13,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of C$15.09 per share, with a total value of C$203,715.00. In the last quarter, insiders acquired 22,000 shares of company stock valued at $338,560.

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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.

Analyst Recommendations for Home Capital Group (TSE:HCG)

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