Home Capital Group (HCG) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Home Capital Group (TSE:HCG) in a report issued on Thursday morning. The firm currently has a C$17.00 target price on the stock.

HCG has been the topic of several other reports. Raymond James reduced their price target on Home Capital Group from C$16.50 to C$16.00 and set a market perform rating on the stock in a report on Wednesday, August 15th. National Bank Financial reduced their price target on Home Capital Group from C$16.50 to C$15.50 and set a sector perform rating on the stock in a report on Tuesday, October 30th. Finally, CIBC reduced their price target on Home Capital Group from C$17.00 to C$16.00 in a report on Wednesday, August 15th. Six investment analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of C$18.43.

Shares of TSE HCG traded up C$0.18 during midday trading on Thursday, hitting C$17.48. The company’s stock had a trading volume of 429,581 shares, compared to its average volume of 264,560. Home Capital Group has a 12-month low of C$12.48 and a 12-month high of C$18.63.

Home Capital Group (TSE:HCG) last issued its quarterly earnings results on Monday, August 13th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.38 by C($0.01). The firm had revenue of C$101.63 million during the quarter, compared to analysts’ expectations of C$100.20 million. On average, equities research analysts anticipate that Home Capital Group will post 1.78536401233622 earnings per share for the current year.

In other news, Director Alan Roy Hibben acquired 2,200 shares of Home Capital Group stock in a transaction on Thursday, August 16th. The shares were bought at an average cost of C$13.98 per share, for a total transaction of C$30,756.00. Also, Director Claude Lamoureux acquired 5,000 shares of Home Capital Group stock in a transaction on Tuesday, September 4th. The shares were purchased at an average price of C$14.66 per share, for a total transaction of C$73,300.00. Over the last quarter, insiders bought 27,200 shares of company stock worth $396,456.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.

See Also: What strategies should day traders use to execute a trade?

Analyst Recommendations for Home Capital Group (TSE:HCG)

Receive News & Ratings for Home Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply