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

0

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.

Featured articles

Analyst Recommendations for Home Capital Group (TSE:HCG)



Receive daily news and reviews for Home Capital Group – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Home Capital Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Share.

Comments are closed.