Home Capital Group Inc (TSE:HCG) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$34.14.
A number of brokerages have recently weighed in on HCG. RBC Capital Markets dropped their price target on Home Capital Group from C$35.00 to C$33.00 in a research report on Thursday, July 28th. National Bank Financial dropped their price target on Home Capital Group from C$38.00 to C$35.00 in a research report on Monday, July 25th. Royal Bank Of Canada dropped their price target on Home Capital Group from C$35.00 to C$33.00 in a research report on Thursday, July 28th. TD Securities dropped their price target on 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 Home Capital Group from a “market perform” rating to a “buy” rating in a research report on Monday, July 18th.
In related news, Director John M. Marsh sold 36,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of C$29.50, for a total value of C$1,062,000.00.
Shares of Home Capital Group (TSE:HCG) traded down 4.70% during trading on Friday, reaching $24.15. The company had a trading volume of 487,119 shares. The stock’s 50-day moving average price is $28.01 and its 200-day moving average price is $31.85. Home Capital Group has a 12 month low of $22.87 and a 12 month high of $39.84. The stock has a market capitalization of $1.59 billion and a PE ratio of 6.12.
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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