TD Securities Lowers Home Capital Group (HCG) to Hold

TD Securities downgraded shares of Home Capital Group (TSE:HCG) from a buy rating to a hold rating in a research note issued to investors on Thursday morning. They currently have C$19.00 price target on the stock.

Several other analysts also recently issued reports on HCG. National Bank Financial boosted their target price on shares of Home Capital Group from C$16.00 to C$16.50 and gave the company a c$15.56 rating in a research note on Monday, July 23rd. Raymond James cut their target price on shares of Home Capital Group from C$16.50 to C$16.00 and set a market perform rating on the stock in a research note on Wednesday, August 15th. CIBC cut their target price on shares of Home Capital Group from C$17.00 to C$16.00 in a research note on Wednesday, August 15th. Finally, BMO Capital Markets reissued a market perform rating and set a C$17.00 target price on shares of Home Capital Group in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of C$18.43.

Shares of TSE:HCG opened at C$17.48 on Thursday. 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 announced its earnings results on Monday, August 13th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.38 by C($0.01). The business had revenue of C$101.63 million for the quarter, compared to the consensus estimate of C$100.20 million. Analysts expect that Home Capital Group will post 1.78536401233622 earnings per share for the current year.

In related news, insider Bradley William Kotush purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were acquired at an average cost of C$14.66 per share, with a total value of C$146,600.00. Also, Director Claude Lamoureux purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The stock was bought at an average cost of C$14.66 per share, for a total transaction of C$73,300.00. Insiders bought 27,200 shares of company stock worth $396,456 over the last ninety days.

Home Capital Group Company Profile

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.

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Analyst Recommendations for Home Capital Group (TSE:HCG)

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