Home Capital Group Inc (HCG) Given Average Rating of “Hold” by Brokerages

Shares of Home Capital Group Inc (TSE:HCG) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$18.39.

Several research firms recently weighed in on HCG. TD Securities raised Home Capital Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$17.00 to C$21.00 in a research note on Monday, January 22nd. National Bank Financial raised their price objective on Home Capital Group from C$14.50 to C$15.50 and gave the company a “sector perform” rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada raised their price objective on Home Capital Group from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 15th.

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

Shares of Home Capital Group (TSE:HCG) opened at C$16.70 on Tuesday. The firm has a market capitalization of $1,290.00, a PE ratio of 49.12 and a beta of 0.56. Home Capital Group has a 12 month low of C$5.06 and a 12 month high of C$28.48.

Home Capital Group (TSE:HCG) last released its quarterly earnings data on Tuesday, November 14th. The company reported C$0.37 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.09. The business had revenue of C$95.41 million for the quarter, compared to analyst estimates of C$92.40 million. Home Capital Group had a return on equity of 6.84% and a net margin of 31.43%.

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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.

Analyst Recommendations for Home Capital Group (TSE:HCG)

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