Home Capital Group Inc (TSE:HCG) had its price target lowered by Royal Bank Of Canada from C$33.00 to C$28.00 in a report published on Thursday, StockTargetPrices.com reports. The brokerage currently has a sector perform rating on the stock.
A number of other brokerages have also recently commented on HCG. RBC Capital Markets decreased their target price on shares of Home Capital Group from C$35.00 to C$33.00 in a research report on Thursday, July 28th. Scotiabank reiterated a sector perform rating and issued a C$40.00 target price on shares of Home Capital Group in a research report on Thursday, July 28th. TD Securities decreased their target price on shares of Home Capital Group from C$45.00 to C$40.00 and set a buy rating on the stock in a research report on Thursday, July 28th. Cormark upgraded shares of Home Capital Group from a market perform rating to a buy rating in a research report on Monday, July 18th. Finally, National Bank Financial cut their price target on shares of Home Capital Group from C$38.00 to C$35.00 in a report on Monday, July 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Home Capital Group currently has a consensus rating of Hold and an average price target of C$34.14.
Home Capital Group (TSE:HCG) opened at 24.57 on Thursday. The stock has a 50 day moving average price of $27.80 and a 200-day moving average price of $31.63. The firm has a market cap of $1.62 billion and a P/E ratio of 6.23. Home Capital Group has a 1-year low of $22.87 and a 1-year high of $39.84.
In other news, Director John M. Marsh sold 36,000 shares of Home Capital Group stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total transaction of C$1,062,000.00.
About Home Capital Group
Home Capital Group Inc is a Canada-based holding company, which operates primarily through its subsidiary, Home Trust Company (Home Trust). The Company, through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products.
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