Home Capital Group (TSE:HCG) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a C$19.00 price objective on the stock. TD Securities’ price target indicates a potential upside of 8.70% from the stock’s current price.
A number of other equities analysts also recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Home Capital Group from C$16.00 to C$16.50 and gave the stock a “c$15.56” rating in a report on Monday, July 23rd. Raymond James cut their price objective on shares of Home Capital Group from C$16.50 to C$16.00 and set a “market perform” rating on the stock in a report on Wednesday, August 15th. CIBC cut their price objective on shares of Home Capital Group from C$17.00 to C$16.00 in a report on Wednesday, August 15th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$17.00 price objective on shares of Home Capital Group in a report on Thursday. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of C$18.43.
HCG opened at C$17.48 on Thursday. Home Capital Group has a 1 year low of C$12.48 and a 1 year high of C$18.63.
In related news, Director Yousry Bissada purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average cost of C$14.58 per share, with a total value of C$145,800.00. Also, Director Alan Roy Hibben purchased 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was bought at an average cost of C$13.98 per share, for a total transaction of C$30,756.00. Insiders purchased a total of 27,200 shares of company stock worth $396,456 over the last three months.
Home Capital Group Company Profile
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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