Home Capital Group (TSE:HCG) had its price target raised by Raymond James from C$16.00 to C$18.50 in a report issued on Thursday morning. The firm currently has a market perform rating on the stock.

Several other equities research analysts also recently issued reports on HCG. National Bank Financial increased their price target on Home Capital Group from C$16.00 to C$16.50 and gave the stock a c$15.56 rating in a report on Monday, July 23rd. CIBC lowered their price target on Home Capital Group from C$17.00 to C$16.00 in a report on Wednesday, August 15th. BMO Capital Markets restated a market perform rating and issued a C$17.00 price target on shares of Home Capital Group in a report on Thursday. TD Securities downgraded Home Capital Group from a buy rating to a hold rating and set a C$19.00 price target for the company. in a report on Thursday. Finally, Royal Bank of Canada increased their price target on Home Capital Group from C$16.00 to C$20.00 and gave the stock a sector perform rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and a consensus price target of C$18.43.

Shares of Home Capital Group stock opened at C$17.48 on Thursday. Home Capital Group has a 1 year low of C$12.48 and a 1 year high of C$18.63.

Home Capital Group (TSE:HCG) last announced its quarterly 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 during the quarter, compared to the consensus estimate of C$100.20 million. As a group, research analysts anticipate that Home Capital Group will post 1.78536401233622 EPS for the current fiscal year.

In other news, Director Claude Lamoureux acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was acquired at an average cost of C$14.66 per share, for a total transaction of C$73,300.00. Also, insider Bradley William Kotush acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were purchased at an average price of C$14.66 per share, with a total value of C$146,600.00. Over the last quarter, insiders have purchased 27,200 shares of company stock valued at $396,456.

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.

Further Reading: Return on Equity (ROE)

Analyst Recommendations for Home Capital Group (TSE:HCG)

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