Scotiabank Boosts Home Capital Group (TSE:HCG) Price Target to C$44.00

Home Capital Group (TSE:HCGGet Rating) had its price objective increased by Scotiabank from C$35.00 to C$44.00 in a research note issued to investors on Tuesday, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada dropped their price objective on Home Capital Group from C$37.00 to C$36.00 and set an outperform rating for the company in a research note on Wednesday, November 9th. National Bankshares dropped their price objective on Home Capital Group from C$31.00 to C$30.00 in a research note on Tuesday, October 25th. Raymond James decreased their target price on Home Capital Group from C$48.00 to C$47.00 and set an outperform rating on the stock in a report on Wednesday, November 9th. BMO Capital Markets increased their target price on Home Capital Group from C$44.00 to C$45.00 and gave the stock an outperform rating in a report on Thursday, September 15th. Finally, National Bank Financial cut Home Capital Group from an outperform market weight rating to a sector perform market weight rating in a report on Thursday, August 4th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$43.17.

Home Capital Group Price Performance

Home Capital Group stock opened at C$42.52 on Tuesday. The stock has a fifty day moving average price of C$28.22 and a two-hundred day moving average price of C$27.72. Home Capital Group has a 52-week low of C$23.82 and a 52-week high of C$43.94. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 11.16.

Home Capital Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, November 29th. Home Capital Group’s dividend payout ratio is 11.81%.

Insider Activity at Home Capital Group

In related news, Senior Officer John Hong sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of C$27.19, for a total value of C$27,187.00. Following the transaction, the insider now owns 646 shares in the company, valued at C$17,562.80.

About Home Capital Group

(Get Rating)

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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