Home Capital Group (HCG) Rating Lowered to Hold at TD Securities

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.

Home Capital Group (TSE:HCG) last posted its quarterly earnings data on Monday, August 13th. The company reported C$0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.38 by C($0.01). The business had revenue of C$101.63 million for the quarter, compared to analysts’ expectations of C$100.20 million. Research analysts forecast that Home Capital Group will post 1.78536401233622 earnings per share for the current year.

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

Analyst Recommendations for Home Capital Group (TSE:HCG)

Receive News & Ratings for Home Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply