Laurentian Raises Home Capital Group Inc (HCG) Price Target to C$20.00

Home Capital Group Inc (TSE:HCG) had its target price hoisted by analysts at Laurentian from C$17.00 to C$20.00 in a note issued to investors on Wednesday. Laurentian’s price objective would suggest a potential upside of 39.57% from the stock’s previous close.

Several other research firms have also recently weighed in on HCG. National Bank Financial upgraded Home Capital Group from an “underperform” rating to a “sector perform” rating and lifted their price objective for the company from C$13.00 to C$17.50 in a report on Friday, June 23rd. TD Securities lifted their price objective on Home Capital Group from C$18.00 to C$19.00 and gave the company a “speculative buy” rating in a report on Thursday, June 22nd. Scotiabank started coverage on Home Capital Group in a report on Friday, June 30th. They set a “sector perform” rating and a C$18.00 price objective on the stock. Raymond James Financial, Inc. lifted their price objective on Home Capital Group from C$10.00 to C$17.50 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Finally, Industrial Alliance Securities lifted their price objective on Home Capital Group from C$10.50 to C$19.00 and gave the company a “speculative buy” rating in a report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a hold rating, Home Capital Group currently has a consensus rating of “Hold” and an average price target of C$17.75.

Shares of Home Capital Group (HCG) traded down 1.67% during trading on Wednesday, hitting $14.09. The stock had a trading volume of 300,118 shares. Home Capital Group has a 1-year low of $5.06 and a 1-year high of $32.26. The firm has a 50 day moving average of $13.54 and a 200 day moving average of $16.19. The company has a market capitalization of $1.13 billion and a price-to-earnings ratio of 14.39.

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Home Capital Group Company Profile

Home Capital Group Inc is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.

Analyst Recommendations for Home Capital Group (TSE:HCG)

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