Home Capital Group (TSE:HCG) Price Target Increased to C$44.00 by Analysts at Scotiabank

Home Capital Group (TSE:HCGGet Rating) had its price objective hoisted by Scotiabank from C$35.00 to C$44.00 in a research note released on Tuesday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. Raymond James decreased their price target on shares of Home Capital Group from C$48.00 to C$47.00 and set an outperform rating for the company in a report on Wednesday, November 9th. National Bankshares reduced their target price on shares of Home Capital Group from C$31.00 to C$30.00 in a report on Tuesday, October 25th. National Bank Financial cut shares of Home Capital Group from an outperform market weight rating to a sector perform market weight rating in a report on Thursday, August 4th. BMO Capital Markets raised their target price on shares of Home Capital Group from C$44.00 to C$45.00 and gave the stock an outperform rating in a report on Thursday, September 15th. Finally, TD Securities set a C$43.00 target price on shares of Home Capital Group and gave the stock a buy rating in a report on Monday, September 19th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Home Capital Group currently has an average rating of Buy and a consensus target price of C$43.17.

Home Capital Group Trading Down 0.1 %

TSE HCG opened at C$42.52 on Tuesday. The company has a fifty day simple moving average of C$28.22 and a two-hundred day simple moving average of C$27.72. The stock has a market cap of C$1.63 billion and a P/E ratio of 11.16. Home Capital Group has a 12-month low of C$23.82 and a 12-month high of C$43.94.

Home Capital Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. Home Capital Group’s payout ratio is 11.81%.

Insider Buying and Selling at Home Capital Group

In other Home Capital Group news, Senior Officer John Hong sold 1,000 shares of Home Capital Group stock in a transaction on Monday, September 26th. The shares were sold at an average price of C$27.19, for a total value of C$27,187.00. Following the completion of the transaction, the insider now owns 646 shares of the company’s stock, valued at C$17,562.80.

About Home Capital Group

(Get Rating)

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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