Home Capital Group Inc (TSE:HCG) had its target price decreased by RBC Capital Markets from C$33.00 to C$28.00 in a research report issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. RBC Capital Markets’ price target would suggest a potential upside of 13.59% from the stock’s current price.
A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Home Capital Group from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday. Scotiabank restated a “sector perform” rating and set a C$36.00 price target on shares of Home Capital Group in a research report on Thursday, August 25th. National Bank Financial dropped their price target on shares of Home Capital Group from C$35.00 to C$31.00 in a research report on Sunday, July 31st. TD Securities dropped their price target 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. Finally, Cormark upgraded shares of Home Capital Group from a “market perform” rating to a “buy” rating in a research report on Monday, July 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Home Capital Group currently has a consensus rating of “Hold” and a consensus price target of C$34.14.
Shares of Home Capital Group (TSE:HCG) opened at 24.65 on Thursday. The company’s 50-day moving average is $27.90 and its 200-day moving average is $31.76. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 6.25. Home Capital Group has a 12 month low of $22.87 and a 12 month high of $39.84.
In related news, Director John M. Marsh sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of C$29.50, for a total value of C$1,062,000.00.
Home Capital Group Company Profile
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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