Home Capital Group Inc (HCG) Rating Increased to Sector Perform at National Bank Financial

Home Capital Group Inc (TSE:HCG) was upgraded by National Bank Financial from an “underperform” rating to a “sector perform” rating in a report released on Friday. The brokerage currently has a C$17.50 target price on the stock, up from their previous target price of C$13.00. National Bank Financial’s target price suggests a potential downside of 1.35% from the stock’s current price.

Several other research firms have also recently weighed in on HCG. Raymond James Financial, Inc. cut their price target on shares of Home Capital Group from C$23.00 to C$10.00 and set a “market perform” rating on the stock in a report on Thursday, April 27th. TD Securities lifted their price target on shares of Home Capital Group from C$18.00 to C$19.00 and gave the company a “speculative buy” rating in a report on Thursday, June 22nd. Macquarie cut shares of Home Capital Group from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Scotiabank reiterated a “sector perform” rating and issued a C$27.00 price target on shares of Home Capital Group in a report on Tuesday, March 28th. Finally, Industrial Alliance Securities lifted their price target on shares of Home Capital Group from C$10.50 to C$19.00 and gave the company a “speculative buy” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Home Capital Group presently has an average rating of “Hold” and a consensus price target of C$18.00.

Shares of Home Capital Group (HCG) opened at 17.74 on Friday. The company’s 50 day moving average is $9.79 and its 200-day moving average is $22.45. Home Capital Group has a one year low of $5.06 and a one year high of $33.01. The firm has a market capitalization of $1.14 billion and a price-to-earnings ratio of 4.81.

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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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