Home Capital Group Inc (HCG) Receives C$18.92 Consensus Target Price from Brokerages

Shares of Home Capital Group Inc (TSE:HCG) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$19.08.

A number of research analysts have recently issued reports on the company. Raymond James raised their price objective on Home Capital Group from C$18.50 to C$19.50 and gave the company a “market perform” rating in a research note on Monday. National Bank Financial raised their target price on Home Capital Group from C$18.50 to C$20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. CIBC raised their target price on Home Capital Group from C$18.00 to C$19.00 in a research note on Monday, February 25th. M Partners reissued a “buy” rating on shares of Home Capital Group in a research note on Monday, May 6th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$18.00 target price on shares of Home Capital Group in a research note on Monday, February 25th.

Shares of TSE:HCG traded up C$0.05 on Wednesday, reaching C$18.45. 199,197 shares of the company traded hands, compared to its average volume of 321,222. Home Capital Group has a 52 week low of C$12.48 and a 52 week high of C$19.31. The stock has a market capitalization of $1.09 billion and a P/E ratio of 11.13.

Home Capital Group (TSE:HCG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.03). The firm had revenue of C$103.82 million during the quarter, compared to analysts’ expectations of C$104.50 million. As a group, research analysts expect that Home Capital Group will post 2.43000007663743 EPS for the current fiscal year.

About Home Capital Group

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.

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Analyst Recommendations for Home Capital Group (TSE:HCG)

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