Home Capital Group (TSE:HCG) PT Set at C$48.00 by Raymond James

Home Capital Group (TSE:HCG) has been given a C$48.00 price target by stock analysts at Raymond James in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 9.54% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. National Bankshares lifted their price target on Home Capital Group from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research report on Monday, November 15th. Royal Bank of Canada lifted their price target on Home Capital Group from C$53.00 to C$57.00 and gave the company an “outperform” rating in a research report on Tuesday, November 16th. National Bank Financial boosted their target price on Home Capital Group to C$59.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. TD Securities downgraded Home Capital Group from an “action list buy” rating to a “buy” rating and boosted their target price for the stock from C$50.00 to C$53.00 in a report on Monday, November 15th. Finally, Scotiabank dropped their target price on Home Capital Group from C$51.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Home Capital Group has an average rating of “Buy” and an average target price of C$54.29.

TSE HCG opened at C$43.82 on Wednesday. Home Capital Group has a twelve month low of C$28.35 and a twelve month high of C$46.92. The firm has a market capitalization of C$2.21 billion and a PE ratio of 9.11. The stock’s 50 day moving average is C$40.18 and its 200 day moving average is C$38.15.

Home Capital Group (TSE:HCG) last released its quarterly earnings results on Friday, November 12th. The company reported C$1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.07 by C$0.03. The firm had revenue of C$136.50 million for the quarter, compared to the consensus estimate of C$139.80 million. On average, research analysts predict that Home Capital Group will post 5.2223598 EPS for the current year.

In other Home Capital Group news, Director Alan Roy Hibben purchased 2,000 shares of the firm’s stock in a transaction dated Friday, September 10th. The stock was purchased at an average price of C$37.50 per share, for a total transaction of C$75,000.00. Following the completion of the purchase, the director now directly owns 14,800 shares of the company’s stock, valued at C$555,000.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

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Analyst Recommendations for Home Capital Group (TSE:HCG)

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