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


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.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

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.

Featured articles

Analyst Recommendations for Home Capital Group (TSE:HCG)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Home Capital Group right now?

Before you consider Home Capital Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Home Capital Group was not on the list.

Although Home Capital Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Comments are closed.