Brokerages set target price for Home Capital Group Inc. (TSE:HCG) at C$51.86


Home Capital Group Inc. (TSE:HCG – Get Rating) received an average rating of “Buy” from the seven research firms that currently cover the stock, reports MarketBeat Ratings. One equity research analyst gave the stock a hold rating and four gave the company a buy rating. The 12-month average target price among brokers who updated their coverage on the stock in the past year is C$51.86.

HCG has been the subject of a number of analyst reports. BMO Capital Markets reissued a “buy” rating and issued a C$51.00 price target on Home Capital Group shares in a research report on Friday, February 18. National Bankshares lowered its price target on Home Capital Group from CA$49.00 to CA$45.00 in a Tuesday, April 26 research report. Raymond James raised his price target on Home Capital Group from CA$48.00 to CA$52.00 and gave the company a “market performance” rating in a Friday, Feb. 18 research report. Royal Bank of Canada raised its price target on Home Capital Group from CA$54.00 to CA$56.00 and gave the company an “outperform” rating in a Friday, Feb. 18 research note. Finally, Scotiabank reduced its price target on Home Capital Group from C$50.00 to C$47.00 in a Tuesday, April 26 research note.

TSE HCG opened at C$32.04 on Friday. The company has a market capitalization of C$1.38 billion and a P/E ratio of 6.70. The company has a 50-day simple moving average of CA$36.72 and a 200-day simple moving average of CA$38.99. Home Capital Group has a 12-month low of C$30.75 and a 12-month high of C$46.92.

Home Capital Group (TSE:HCG – Get Rating) last released its quarterly results on Thursday, February 17. The company reported EPS of C$1.06 for the quarter, missing analyst consensus estimates of C$1.16 by C$0.10. The company posted revenue of C$134.39 million in the quarter, compared to analyst estimates of C$137.00 million. As a group, research analysts expect Home Capital Group to post EPS of 6.25 for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Thursday, March 31. Shareholders of record on Thursday, March 31 received a dividend of $0.15. The ex-dividend date was Monday, March 14. This represents a return of 0.39%.

Separately, director Alan Roy Hibben purchased 2,000 shares of the company in a transaction dated Tuesday, February 22. The stock was purchased at an average price of CA$37.55 per share, for a total transaction of CA$75,100.00. Following the purchase, the director now owns 16,800 shares of the company, valued at C$630,840.

About Home Capital Group (Get a rating)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and non-residential mortgage lending, residential mortgage securitization, 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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