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.
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.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/22/home-capital-group-hcg-lifted-to-buy-at-td-securities.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.