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.
COPYRIGHT VIOLATION WARNING: This article was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://stocknewstimes.com/2017/09/13/laurentian-raises-home-capital-group-inc-hcg-price-target-to-c20-00.html.
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.
Receive News & Ratings for Home Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.