Home Capital Group (TSE:HCG) Price Target Increased to C$44.00 by Analysts at Scotiabank

Home Capital Group (TSE:HCG) had its target price hoisted by Scotiabank from C$38.00 to C$44.00 in a report published on Friday, BayStreet.CA reports.

HCG has been the topic of several other reports. TD Securities upped their price target on shares of Home Capital Group from C$38.00 to C$39.00 and gave the company a hold rating in a report on Tuesday, April 27th. BMO Capital Markets boosted their target price on shares of Home Capital Group from C$36.00 to C$40.00 and gave the company an underperform rating in a research note on Friday. Raymond James boosted their target price on shares of Home Capital Group from C$31.00 to C$36.00 and gave the company a market perform rating in a research note on Friday, February 19th. Royal Bank of Canada boosted their target price on shares of Home Capital Group from C$38.00 to C$45.00 and gave the company an outperform rating in a research note on Friday. Finally, National Bank Financial upped their price target on shares of Home Capital Group from C$34.00 to C$42.00 in a research report on Monday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$43.14.

HCG opened at C$35.64 on Friday. The stock has a market capitalization of C$1.86 billion and a PE ratio of 10.70. The firm’s fifty day moving average price is C$32.16 and its 200 day moving average price is C$30.58. Home Capital Group has a 12-month low of C$16.50 and a 12-month high of C$36.84.

Home Capital Group (TSE:HCG) last posted its quarterly earnings results on Thursday, February 18th. The company reported C$1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.91 by C$0.20. The company had revenue of C$139.97 million during the quarter, compared to analyst estimates of C$133.32 million. On average, sell-side analysts predict that Home Capital Group will post 4.6599999 earnings per share for the current year.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, 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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