Raymond James raises Home Capital Group (TSE:HCG) target price to C$52.00

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Home Capital Group (TSE:HCG) had its price target raised by Raymond James from CA$48.00 to CA$52.00 in a report on Friday, Price Targets.com reports. The brokerage currently has a “market performance” rating on the stock. Raymond James’ price target indicates upside potential of 39.00% from the current share price.

HCG has been the subject of several other reports. Scotiabank lowered its price target on Home Capital Group shares from C$51.00 to C$50.00 and set an “industry performance” rating for the company in a Wednesday 24 research report. November. National Bank Financial raised its price target on Home Capital Group stock to C$59.00 and gave the stock an “outperform” rating in a Wednesday, Oct. 27 research report. TD Securities downgraded shares of Home Capital Group from a “buy on stock” rating to a “buy” rating and raised its price target for the stock from C$50.00 to 53.00 $CAD in a Monday, Nov. 15, research report. BMO Capital Markets reissued a “buy” rating and set a price target of C$51.00 on shares of Home Capital Group in a research report on Friday. Finally, Royal Bank of Canada raised its price target on Home Capital Group shares from C$54.00 to C$56.00 and gave the stock an “outperform” rating in a research report published on Friday. Two analysts gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, Home Capital Group has a consensus buy rating and a consensus target price of C$54.71.

Shares of Home Capital Group were down C$0.54 midday Friday, hitting C$37.41. The company had a trading volume of 118,690 shares, compared to an average volume of 271,372. The stock has a market capitalization of C$1.63 billion and a price-earnings ratio of 7.81. The company has a 50-day simple moving average of C$38.93 and a 200-day simple moving average of C$39.63. Home Capital Group has a 12-month low of C$29.84 and a 12-month high of C$46.92.

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Home Capital Group Company Profile

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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