Home Capital Group Inc (HCG) Receives Average Recommendation of “Hold” from Brokerages

Home Capital Group Inc (TSE:HCG) has received an average rating of “Hold” from the six analysts that are presently covering the firm. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$31.25.

Several equities research analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating and set a C$30.00 price objective on shares of Home Capital Group in a research report on Thursday, February 9th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$34.00 price objective on shares of Home Capital Group in a research report on Friday, February 10th. National Bank Financial cut shares of Home Capital Group from a “sector perform market weight” rating to an “underperform market weight” rating in a research report on Thursday, February 9th. Royal Bank of Canada reaffirmed an “underperform” rating and set a C$28.00 price objective on shares of Home Capital Group in a research report on Thursday, February 9th. Finally, TD Securities cut shares of Home Capital Group from a “buy” rating to a “hold” rating and set a C$33.00 price objective for the company. in a research report on Tuesday, January 17th.

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Home Capital Group (TSE:HCG) opened at 27.72 on Tuesday. The firm has a market cap of $1.78 billion and a price-to-earnings ratio of 7.47. The firm has a 50-day moving average of $27.24 and a 200-day moving average of $28.01. Home Capital Group has a one year low of $23.41 and a one year high of $39.84.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, March 1st were issued a $0.26 dividend. The ex-dividend date was Wednesday, February 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.75%.

About Home Capital Group

Home Capital Group Inc is a 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.

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