Home Capital Group (TSE:HCG) Price Target Lowered to C$46.00 at Royal Bank of Canada

Home Capital Group (TSE:HCGGet Rating) had its price target reduced by Royal Bank of Canada from C$50.00 to C$46.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 64.29% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. National Bankshares lowered their price target on Home Capital Group from C$45.00 to C$38.00 and set an “outperform” rating for the company in a research report on Thursday. Raymond James boosted their price target on Home Capital Group from C$48.00 to C$52.00 and gave the company a “market perform” rating in a research report on Friday, February 18th. Scotiabank lowered their price target on Home Capital Group from C$47.00 to C$43.00 in a research report on Thursday. TD Securities lowered their price target on Home Capital Group from C$50.00 to C$47.00 and set a “buy” rating for the company in a research report on Thursday. Finally, BMO Capital Markets lowered their price target on Home Capital Group from C$51.00 to C$44.00 in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$46.43.

Shares of TSE:HCG traded down C$1.60 during midday trading on Thursday, reaching C$28.00. The company’s stock had a trading volume of 254,409 shares, compared to its average volume of 262,838. The firm has a market cap of C$1.20 billion and a price-to-earnings ratio of 5.86. Home Capital Group has a 1 year low of C$27.85 and a 1 year high of C$46.92. The business has a 50 day moving average price of C$36.35 and a 200 day moving average price of C$38.86.

Home Capital Group (TSE:HCGGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported C$1.06 EPS for the quarter, missing analysts’ consensus estimates of C$1.16 by C($0.10). The firm had revenue of C$134.39 million during the quarter, compared to analyst estimates of C$137.00 million. Analysts expect that Home Capital Group will post 6.1300006 EPS for the current year.

In related news, Director Alan Roy Hibben acquired 2,000 shares of Home Capital Group stock in a transaction on Tuesday, February 22nd. The shares were bought at an average price of C$37.55 per share, for a total transaction of C$75,100.00. Following the completion of the purchase, the director now directly owns 16,800 shares in the company, valued at approximately C$630,840.

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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Analyst Recommendations for Home Capital Group (TSE:HCG)

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